Should the SEC wish to challenge the federal judge’s conclusions in the Grayscale decision, the company’s application could simply be denied again for a different (or even an analogous) reason. That course of action becomes problematic quickly. The last thing any lawyer wants to do is upset a federal judge. That is a terrible idea, if the aim to quash the U.S. spot bitcoin ETF market before it begins.
- Stop Thinking About 'Wins' or 'Losses' in the Bitcoin ETF Debate
Written by Bankerage Published on September 5, 2023