Latest Breaking News On - Seth hertlein - Page 1 : comparemela.com
A court ruling siding with Grayscale Investments is a big boost for the cryptocurrency industry's decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does not immediately open the floodgates for such products. A three-judge panel of the District of Columbia Court of Appeals in Washington on Tuesday ruled that the Securities and Exchange Commission was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning, in a case that has been closely watched by the industry. The ruling requires the SEC to review Grayscale's application, meaning there is no certainty it will reach a different conclusion and greenlight the product.
London
City-of
United-kingdom
New-york
United-states
Washington
Blackrock
Chris-prentice
Jonathan-oatis
Michael-sonnenshein
Hannah-lang
Paul-grewal