Bitcoin Evangelist Threatens To Take SEC To Court

Published by
The Street

By Luc Olinga,Martin Baccardax The federal agency opposes crypto industry demands to offer investors direct exposure to real underlying Bitcoin reserves. The U.S. Securities and Exchange Commission rejected a proposal from Grayscale to list a spot Bitcoin ETF on the NYSE Arca exchange, setting up a potential legal battle with the country’s biggest digital asset manager. The SEC said Grayscale’s request for an ETF listing, which it proposed as a conversion of its popular Grayscale Bitcoin Trust GBTC, didn’t meet the regulator’s standard of being “designed to prevent fraudulent and manipulative …

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