Grayscale sues SEC for rejecting Bitcoin ETF application

“This is a place where common sense plays a really important role. You now have a situation where you have certain types of exchange-traded funds, one that is focused on bitcoin futures, and the SEC has approved that, the SEC gets it hallmark,” he said. “In order to do so, it had to determine that the granting of this approval was in accordance with the securities laws, and in particular that there was not sufficient underlying risk of fraud and manipulation.”

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