A buddy of mine into Bitcoin just told me about this court decision that went Grayscale's way against the SEC. Looks like this news caused a nice bump in the market, with prices up over 6% today.
I'm not from the US and don't really get how the legal stuff works there, but this case seems pretty intriguing. The headline suggests that a Bitcoin ETF might drop sooner than we thought, for better or worse.
court favors Grayscale in SEC battle potential ETF news
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diamond_2020Legendary
Posts: 1256 · Reputation: 6502
#2Sep 13, 2019, 03:42 AM
It was only a matter of time before spot ETFs were legalized in the US. If it is allowed in Europe and Canada, then why should it be prohibited in the US, if the laws for ETF funds have been in place for a long time.
The judiciary in the United States operates in the interests of business, although
Cryptocurrency companies will have to resort to the help of the court many times over when confronting such strong opponents as the SEC.