CEO and founder of Digital Currency Group (DCG) Barry Silbert said Grayscale Investments is suing the U.S. Securities and Exchange Commission.
What Happened: Grayscale, which is owned by DCG, is challenging the decision by the SEC to deny the conversion of Grayscale Bitcoin Trust (OTC: GBTC) into a spot Bitcoin (CRYPTO: BTC) exchange-traded fund, according to a statement shared by Silbert.
Grayscale Investments Initiates Lawsuit Against the SEC$GBTC https://t.co/bHNfmqHEV4
— Barry Silbert (@BarrySilbert) June 30, 2022
“Through the ETF application review process, we believe American investors overwhelmingly voiced a …
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