{"id":3432,"date":"2023-08-29T19:00:52","date_gmt":"2023-08-29T19:00:52","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3432"},"modified":"2023-08-29T18:26:03","modified_gmt":"2023-08-29T18:26:03","slug":"grayscale-wins-the-lawsuit-against-the-sec","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/grayscale-wins-the-lawsuit-against-the-sec\/","title":{"rendered":"Grayscale Wins the Lawsuit Against the SEC!"},"content":{"rendered":"

Grayscale Wins the Lawsuit! After the SEC’s<\/b> rejection of Grayscale’s\u00a0Bitcoin ETF<\/strong> application, a decision has been reached in their lawsuit<\/strong>! Here are the details!<\/p>\n

Grayscale<\/strong>, which had submitted a Bitcoin Spot ETF<\/strong> application in the past few months, filed a lawsuit after the SEC<\/strong> rejected their ETF<\/strong> application. The decision from the court had been eagerly awaited for weeks. In breaking news, it has been reported that the court has ruled in favor of Grayscale<\/strong>. Following the decision, the SEC<\/strong> has revoked its rejection of the spot ETF<\/strong> application.<\/p>\n

You might like: FirstMate Secures $3.75 Million Investment Led by DragonFly<\/strong><\/a><\/p><\/blockquote>\n

Here is the opinion issued by the presiding judge in the case:<\/strong><\/p>\n

“Grayscale<\/strong> has presented undeniable evidence, showing a 99.9%<\/strong> correlation between the Bitcoin<\/strong> spot market and the CME<\/strong> futures price. The SEC<\/strong> has failed to adequately explain why it approved two Bitcoin<\/strong> futures ETP<\/strong>s while denying Grayscale<\/strong>‘s proposed Bitcoin<\/strong> ETP<\/strong>. In the absence of a coherent explanation, the unequal regulatory<\/strong> treatment of similar products is deemed unlawful. Consequently, we have accepted Grayscale<\/strong>‘s request for a review and have overturned the Commission’s decision.” As a conclusion, Grayscale Wins the Lawsuit!<\/p>\n

Grayscale<\/strong> remarked, “The court’s decision marks a significant milestone for both the Bitcoin ecosystem<\/strong> and American investors<\/strong>.”<\/p>\n

After the ruling, Bitcoin<\/strong> underwent a sudden surge, reaching levels around $27,700<\/strong>.<\/p>\n

Further details are currently being updated…<\/p>\n

For Instant Access to News, Click Here.<\/strong><\/a><\/p>\n

\n

You can share your opinions in the comments about the topic. Also, follow us on\u00a0Telegram<\/strong><\/a>,\u00a0Twitter<\/strong><\/a>, and\u00a0YouTube<\/a><\/strong>\u00a0for more content like this.<\/p>\n","protected":false},"excerpt":{"rendered":"

Grayscale Wins the Lawsuit! After the SEC’s rejection of Grayscale’s\u00a0Bitcoin ETF application, a decision has been reached in their lawsuit! Here are the details! Grayscale, which had submitted a Bitcoin Spot ETF application in the past few months, filed a lawsuit after the SEC rejected their ETF application. The decision from the court had been<\/p>\n","protected":false},"author":2,"featured_media":3436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,534,1000,989,1096,1101,1099,1100,1098,1102,1097,39,722,985,974],"class_list":["post-3432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-bitcoin-etf","tag-ethereum-etf","tag-ethereum-etf-grayscale","tag-grayscale","tag-grayscale-bitcoin-etf","tag-grayscale-etf","tag-grayscale-lawsuit","tag-grayscale-sec","tag-grayscale-sec-lawsuit","tag-grayscale-vs-sec","tag-sec","tag-sec-bitcoin","tag-sec-ethereum","tag-sec-lawsuit"],"yoast_head":"\nGrayscale Wins the Lawsuit Against the SEC! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Grayscale Wins the Lawsuit! 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After the SEC's rejection of Grayscale's\u00a0Bitcoin ETF application, a decision has been reached in their lawsuit!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/grayscale-wins-the-lawsuit-against-the-sec\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T19:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T18:26:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/grayscale-lawsuit-sec.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"612\" \/>\n\t<meta property=\"og:image:height\" content=\"306\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yunus Ta\u015fl\u0131\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yunus Ta\u015fl\u0131\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/grayscale-wins-the-lawsuit-against-the-sec\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/grayscale-wins-the-lawsuit-against-the-sec\/\",\"name\":\"Grayscale Wins the Lawsuit Against the SEC! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/grayscale-wins-the-lawsuit-against-the-sec\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/grayscale-wins-the-lawsuit-against-the-sec\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/08\/grayscale-lawsuit-sec.jpg\",\"datePublished\":\"2023-08-29T19:00:52+00:00\",\"dateModified\":\"2023-08-29T18:26:03+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/3b5f1d8348693fca419229a65d8cf4b3\"},\"description\":\"Grayscale Wins the Lawsuit! 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