The U.S. Court of Appeals, in rebuking the securities watchdog, shows that Securities and Exchange Commission Chair Gary Gensler won’t get the last word on crypto.
The U.S. is one step closer to having a spot market bitcoin exchange-traded fund , the holy grail of white glove crypto financial products. On Tuesday, a three-judge panel for the U.S. Court of Appeals delivered a crushing interpretation of the Securities and Exchange Commission’s logic for denying an ETF,That’s what crypto folk have been saying for years!
Crypto is salivating not only over the court’s pro-ETF ruling, but anti-SEC comments. The top U.S. securities regulator fell “short of the standard,” made “unexplained” calls and “failed to adequately explain” its argument. In particular, the SEC didn’t make a good enough case for approving some bitcoin-related exchange-traded products , and not others.
And so what happened today is important for two big reasons. First, ETFs are important because it increases the number of people who can invest in crypto by providing a more traditional and regulated pathway. There’s potentially billions of dollars of capital sitting on the sidelines that would trade bitcoin if it could be traded through familiar stock exchanges.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Shareholder Campaign Fights To Reclaim Customer Bitcoin In Grayscale LawsuitA group of shareholders of the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) have banded together to bring a lawsuit against Grayscale. Their goal: bringing legal action against Grayscale in an attempt to force them to allow redemptions for customer cryptocurrency held within the trusts it operates and to repay “exorbitant” management fees.
Weiterlesen »
11 Real Reasons Why The Post-Endgame MCU Is So DivisiveThe MCU has seen criticism since Avengers: Endgame.
Weiterlesen »
First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SECFirst bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC.
Weiterlesen »
SEC Must Review Grayscale's ETF Bid After Previous Rejection, Appeals Court RulesA federal appeals court ordered the SEC to 'vacate' its rejection of the trust issuer's bid to convert the Grayscale Bitcoin Trust into an exchange-traded fund.
Weiterlesen »
Breaking: Bitcoin Price Surges as Grayscale Emerges Victorious Against SEC in ETF CaseThe court has decided to side with leading crypto asset manager Grayscale in a landmark ETF case
Weiterlesen »
Breaking: Grayscale wins lawsuit against US SEC, Bitcoin price rises $700Grayscale asset management has won its case against the US SEC, fueling a $700 rise in Bitcoin price
Weiterlesen »