The post Grayscale vs. SEC Ruling Could Open Door for First Spot Bitcoin ETF in US appeared first on Coinpedia Fintech News
Grayscale, a major player in the crypto world, has won a significant legal battle against the U.S. Securities and Exchange Commission (SEC). The DC Circuit Court of Appeals ruled that the SEC’s decision to reject Grayscale’s proposal to convert its Bitcoin Trust into a spot ETF was “arbitrary and capricious.” The court’s decision is a …