In August, the D.C. Circuit Court of Appeals ruled that the SEC’s denial of Grayscale Investment’s application to convert the Grayscale Bitcoin Trust (GBTC) into an ETF was invalid and must be reviewed, calling it an “arbitrary and capricious” rejection. The court said that federal agencies are required to “treat like cases alike.”
Related posts
-
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees... -
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate... -
Bitcoin Miners Slow Down Selling In July, What This Could Mean For Price
On-chain data shows that selling pressure from Bitcoin miners has recently slowed down. This is significant...