Grayscale Investments, the world’s largest digital currency asset manager, sued the U.S. The Securities and Exchange Commission (SEC) following the decision to deny the securities regulator’s request for conversion.
Grayscale Links to SEC in Incumbent Bitcoin ETF Making Investments Grayscale on Wednesday denied a request from the US Securities and Exchange Commission (SEC) to convert the company’s Grayscale Bitcoin Trust (GBTC). company into an exchange-traded fund (ETF) in bitcoin. file a “review request” challenging the decision.
Grayscale CEO Michael Sonnenshein tweeted shortly after the SEC denied his firm’s claim: “We have filed a complaint against the SEC.” The lawyer continued: ‘There is a compelling general argument here and we look forward to resolving this matter efficiently and quickly.’