Date: 2023-08-29T16:41:59Z Creator: Bitfolio Academy
Grayscale just snagged an enthralling victory in the heart of Washington DC! The SEC has been ordered back to the drawing board to deliberate, once again, on Grayscale’s Bitcoin spot ETF application!
The judge delivered a verdict that sent ripples across the crypto world – The SEC’s prior knockback of Grayscale’s application? Completely out of line, shockingly capricious, and most definitely arbitrary! Having given the go-ahead to a Bitcoin futures ETF, the SEC’s rejection of Grayscale’s application was not just needlessly harsh, but also downright unlawful. The judge has demanded the SEC to pull back their unlawful verdict and to reconsider!
A euphoria is seizing crypto. Bitcoin is up 5%, and the total crypto market is dancing in rhythm with a majestic rise of three and a half percent.
Let me know in the comments. 🤔
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