Richard Kerr of K&L Gates opines, “While obstacles remain, we’re closer to seeing a spot bitcoin ETF in the market. The ball now lies in the SEC’s court to either greenlight Grayscale or delineate the roadmap to approval.”
As of now, the SEC has hit the pause button on numerous bitcoin ETF decisions, extending its contemplation for another 45 days. Whatever the next move, mid-October promises to be a pivotal moment in this intricate dance between Grayscale and the SEC.
In the Legal Limelight
Presiding over the case were U.S. Circuit Judges Sri Srinivasan, Neomi Rao, and Harry T. Edwards for the D.C. Circuit.
Grayscale’s legal counsel includes esteemed representatives from Davis Polk & Wardwell LLP and Munger Tolles & Olson LLP, while the SEC’s representation comes from its in-house team. The landmark case, Grayscale Investments LLC v. SEC, stands as a testament to the evolving narrative of digital currency in the legal realm.
