Grayscale Receives Support from Blockchain Association Against SEC
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Non-profit organization Blockchain Association has filed a brief filing with the court regarding the Grayscale Investments v. US Securities and Exchange Commission (SEC) lawsuit.
According to the statement:
“We are proud to have taken this important step in support of the crypto industry to provide American consumers with greater access to these innovative products.”
The Blockchain Association, which is acting as amici curiae, has called the regulator’s refusal to convert the GBTC trust into a Bitcoin ETF a violation.
Remember that until now, the regulator has not approved any of the similar applications, but has allowed the launch of exchange-traded funds based on futures for BTC from VanEck, Valkyrie Investments and ProShares.
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