SEC Did Not Appeal Grayscale's Bitcoin ETF Court Decision
October 13 was the deadline for the SEC to lodge an appeal against the court decision regarding Grayscale Bitcoin Spot ETF but the agency chose to pass the option.
CORRECTION: The previous headline stated that the SEC has no plans of appealing the court decision while the deadline for submitting appeal has already passed.
- "The District of Columbia Court of Appeals in Washington in August ruled that the SEC was wrong to reject Grayscale's proposed bitcoin ETF, in a case that has been closely watched by the industry which has been trying for a decade to advance such products."
- "The appeals court is expected to issue a mandate specifying how its decision should be executed, which will likely include instructing the SEC to revisit Grayscale's application."
