The judge in the Grayscale vs SEC case has decided in favour of Grayscale. Once more the SEC is defeated in the courts over crypto-related judgements.
BTC surges on the news
As the news dropped on Twitter that the SEC has been embarrassed yet again, BTC shot higher. At time of going to press BTC is up nearly 5% at $27,350. An assault on $28,000 is potentially the next step.
SEC losing its battle
However, all is not won yet. Losing this particular battle does not mean that the SEC has to approve a Grayscale ETF. It just means that it cannot disapprove it over the reasons that it has so far given.
Be that as it may, the judge maintained that the SEC was unable to explain how Grayscale was wrong in its summation of the relationship between the bitcoin spot and futures markets.
Bitcoin spot ETFs about to be approved?
The news could now lead to a massive influx of capital into bitcoin should the Grayscale ETF go ahead, and of course there are a whole raft of EFTs that can potentially be a
We współpracy z: https://cryptodaily.co.uk/2023/08/grayscale-wins-against-sec-bitcoin-pumps
