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US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF

CryptofreePress Staff by CryptofreePress Staff
October 23, 2023
in Regulation
0
US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF

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America Courtroom of Attraction has issued a mandate following a choice requiring Grayscale Investments software for a spot Bitcoin exchange-traded fund to be reviewed by the Securities and Trade Fee (SEC). 

In an Oct. 23 submitting within the U.S. Courtroom of Appeals for the District of Columbia Circuit, the “formal mandate” of the court docket took impact, paving the way in which for the SEC to overview its resolution on Grayscale’s spot Bitcoin (BTC) exchange-traded fund, or ETF. The mandate adopted the court docket’s preliminary ruling on Aug. 29 and the SEC failing to current an enchantment by Oct. 13.

Oct. 23 submitting in U.S. Courtroom of Appeals for the District of Columbia Circuit. Supply: Courtlistener

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