Grayscale Sues Over SEC’s Denial For Bitcoin Fund Conversion
June 30, 2022 at 16:00 PM EDT
Grayscale Investments followed through on its promise to sue the U.S. Securities and Exchange Commission if regulators denied its bids to convert the $13 billion Grayscale Bitcoin Trust into an ETF or allow it to launch a standalone fund to hold bitcoin directly. In a letter to investors, the firm...