Grayscale Wins Appeal: DC Circuit Orders SEC to Reconsider Bitcoin ETF Denial
Grayscale Wins Appeal, SEC Must reconsider Bitcoin ETF Denial
The D.C. Circuit Court of Appeals overturns the SEC’s 2022 order denying Grayscale’s conversion of its existing Bitcoin Trust into an ETF. judges ruled that de facto discrimination against crypto products versus similar geneva-style gold trusts must receive rigorous scrutiny — not dismissive treatment. The decision sends the agency back to the square square
