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Grayscale secured a landmark win for the crypto industry and potentially open the door for its first U.S. spot bitcoin exchange-traded fund (ETF) after a federal court Tuesday sided with the world’s largest bitcoin trust and found that the Securities and Exchange Commission (SEC) must review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF.
The Securities and Exchange Commission is continuing its target against the world of crypto, suing the world’s largest crypto exchange Binance and its billionaire founder, Changpeng Zhao on Monday by alleging the company commingled billions of user funds and diverted those assets to an entity “owned and controlled” by Zhao.
White House press secretary Jen Psaki dodged multiple reporters’ questions Thursday about the saga in the stock market involving amateur stock traders collectively taking on some of Wall Street’s most sophisticated hedge fund by fueling GameStop stock.
