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Bitcoin jumps as Grayscale wins lawsuit against the SEC

Bitcoin jumps as Grayscale wins lawsuit against the SEC
The D.C. court ruled that the SEC improperly rejected the Bitcoin spot ETF. The court ordered the petition for review be granted and the commission's order be vacated.This means the SEC was wrong to reject the application for a spot bitcoin ETF and that it must be reviewed again.The count called the denial of the spot ETF proposal "arbitrary and capricious" because the SEC failed to explain the different treatment of similar products.Bitcoin has rallied to $26,800 from $26,000 just before the de... Read More
Posted: Aug 29 2023, 14:26
Author Name: forexlive
Views: 092085

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