The SEC is not planning to appeal a high-profile ruling involving Grayscale Investments, Reuters reported on Friday.
The Securities and Exchange Commission does not plan to appeal a high profile ruling involving Grayscale Investments' attempt to convert its flagship fund into a spot bitcoin ETF.
SEC Chair Gary Gensler earlier in the day was mum about a potential appeal of the ruling, declining to comment on the matter when asked by journalists at a press conference.
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What happens if SEC doesn’t appeal Grayscale spot Bitcoin ETF ruling?Oct. 13 is the deadline for the SEC to appeal the win handed to Grayscale Investments in an Appeals Court, where it will either have to approve the firm’s bid for a spot Bitcoin ETF or find another way to delay or reject the application.
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US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -sourceUS SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source
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SEC to Announce Grayscale ETF Decision Today, Here’s What Happens OtherwiseThe US regulator is due to announce today whether it will allow Grayscale to launch a Bitcoin ETF
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SEC Deadline on Grayscale's Bitcoin ETF Dispute Approaching at MidnightJesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
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Bitcoin price gets new $25K target as SEC decision day boosts GBTCBTC price volatility may come from the SEC versus Grayscale, Bitcoin analysts suggest.
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SEC Chair Gensler is mum on possible Grayscale appeal ahead of midnight deadlineSEC Chair Gensler declined to comment on a potential appeal to a high profile Grayscale ruling as the deadline for that filing approaches.
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