{"id":85725,"date":"2023-10-14T11:25:49","date_gmt":"2023-10-14T08:25:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85725"},"modified":"2025-09-13T01:03:48","modified_gmt":"2025-09-12T22:03:48","slug":"sec-will-not-appeal-court-ruling-in-grayscale-case","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/sec-will-not-appeal-court-ruling-in-grayscale-case\/","title":{"rendered":"SEC will not appeal court ruling in Grayscale case"},"content":{"rendered":"

The U.S. Securities and Exchange Commission (SEC) will not appeal the court ruling in Grayscale Investments\u2019 favour. Reuters<\/a> and Bloomberg<\/a> report, citing sources.<\/p>\n

In late August, a U.S. court granted<\/a> the asset-management company’s motion in the suit against the regulator over the refusal to convert GBTC<\/span> into a bitcoin-ETF<\/a>. The appellate court ordered the SEC to reassess its decision.<\/p>\n

Bitcoin prices reacted to the news by rising above $27,000 but failed to hold the round level. As of writing, Bitcoin was trading at $26,870.<\/p>\n

\\\"Snimok-ekrana-2023-10-14-v-11.10.28\\\"
30-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Bloomberg market analyst James Seyffart believes talks between Grayscale and the SEC will begin within the next two weeks.<\/p>\n

\n

1. Done deal I guess if this is accurate. No en banc application<\/p>\n

2. I do not think they will appeal to the Supreme Court either. <\/p>\n

3. Dialogue between Grayscale and SEC should begin next week. Hoping for more info on next steps sometime next week or week after? https:\/\/t.co\/2EayzqeKGq<\/a><\/p>\n

\u2014 James Seyffart (@JSeyff) October 13, 2023<\/a><\/p><\/blockquote>\n