thingtank on Nostr: Grayscale vs. SEC. The GBTC court case was rock-solid and left the SEC with ...
Grayscale vs. SEC.
The GBTC court case was rock-solid and left the SEC with little-to-no wiggle room in approval of a spot ETF. The SEC could still deny a spot ETF if they pull the bitcoin future ETFs from the market. I am starting to think this may actually happen and I want to be prepared for it. I think a large part of the SEC’s case against Binance gives the SEC some wiggle room. They can state that they didn’t know the level of corruption present in Binance when they first approved Bitcoin futures. And now, in light of all the charges against Binance, they feel that it would “protect” investors by pulling the future ETFs from the market. The SEC has been against a spot ETF for the last 10 years. Why would a corrupt institution just give up after a 10 year fight?
Published at
2023-09-16 15:50:32Event JSON
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