Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • This professional traveler reveals how to tour the world without any remorse
    • Spring of 2025 external equipment and new books guide
    • The 18 best beaches in the world
    • River mares in Tanzania: Heavy weights in Africa
    • How to decide which one chooses
    • Tarangy National Park: The hidden jewel of Tanzania
    • 15 Something to do around Chautauqua Lake, New York – a short drive from Buffalo, Cleveland, or Pitsburgh
    • Discover the magic of relaxation and rich history of hot springs, Arkansas: a perfect mix of nature and culture
    Facebook X (Twitter) Instagram
    ZEMS BLOG
    • Home
    • Sports
    • Reel
    • Worklife
    • Travel
    • Future
    • Culture
    • Politics
    • Weather
    • Financial Market
    • Crypto
    ZEMS BLOG
    Home » Cryptocurrency lawyer says rejection of a Bitcoin exchange-traded fund could spark a legal battle
    Crypto

    Cryptocurrency lawyer says rejection of a Bitcoin exchange-traded fund could spark a legal battle

    ZEMS BLOGBy ZEMS BLOGJanuary 4, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The digital currency ecosystem has been affected by… Fake update from Matrixport Contrary to popular belief, the US Securities and Exchange Commission (SEC) is likely to reject all Bitcoin ETF applications this month. If the market regulator chooses to reject these applications, senior cryptocurrency lawyer MetaLawMan has predicted the legal implications that would follow.

    The rejection of a Bitcoin exchange-traded fund could spark a new wave of lawsuits

    If the SEC risks rejecting spot Bitcoin ETF applications from the likes of BlackRock, Grayscale Investments, Ark 21Shares and others, it will likely be sued by the crowd, said MetaLawMan, known for its insight into critical industry litigation.

    If the lawsuits are filed, MetaLawMan expects the D.C. Court of Appeals will again rule that the SEC was “arbitrary and capricious” in its ruling on more than a dozen Bitcoin ETF applicants. The veteran attorney shared this position by relying on precedent set in the lawsuit filed between the regulator and Grayscale Investments last year.

    With the SEC initially denying Grayscale Investments' application to convert its Bitcoin Trust (GBTC) product into a full spot Bitcoin ETF product, the company sued the regulator and ultimately won the court's favor. Presiding Judge Sri Srinivasan, and Justices Niomi Rao and Harry Edwards Command SEC to go back to the drawing board and review Grayscale's application again.

    Surprisingly, The markets regulator refused to appeal the decision As of the deadline, which means it complies with the court ruling. Relying on that, MetaLawMan said the SEC gave every reason why it rejected Grayscale and lost, and there is no indication it would want to follow that path again.

    if @SEC They were denying every spot $ Bitcoin ETFs, the applicants would immediately sue and the D.C. Court of Appeals would again rule that the SEC was “arbitrary and capricious.”

    The SEC gave every reason it had to reject Grayscale, and lost.

    I expect multiple approvals on January 10th.

    -MetaLawMan (@MetaLawMan) January 3, 2024

    The SEC's moves are promising

    While the SEC, under the leadership of Gary Gensler, has not issued any formal statement regarding spot Bitcoin ETF applications and controversies in the ecosystem, its actions regarding the correspondence have proven promising.

    in Latest updateThe SEC is reportedly meeting with international exchanges including the New York Stock Exchange (NYSE) and the high-tech Nasdaq Composite Exchange among others regarding the proposed spot Bitcoin ETF product.

    Until the next decision is announced, which is expected to be issued before midnight, Cryptocurrency supporters remain optimistic That the game-changing product will eventually be launched.

    ✓ Share:


    com.coingapecom.coingape

    Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-life applications of blockchain technology and innovations to drive public acceptance and global integration of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to popular media and websites based on blockchain technology. Benjamin Godfrey is a sports and farming enthusiast. follow him TwitterLinkedIn

    The content provided may include the personal opinion of the author and is subject to the market situation. Conduct market research before investing in cryptocurrencies. The author or publication does not accept any responsibility for your personal financial loss.



    Source link

    ZEMS BLOG
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleVideo: Deranged serial killer with violent criminal history jumps over bench and brutally attacks Nevada judge during sentencing | Critic portal
    Next Article Record high temperatures are in danger to start the work week
    ZEMS BLOG
    • Website

    Related Posts

    A security engineer was imprisoned for 3 years for hacking cryptocurrencies worth $12 million

    April 12, 2024

    6 Common Risks in Self-Directed IRAs and Bitcoin Checkbooks

    April 12, 2024

    Asset tokenization, artificial intelligence attracts focus from IOSCO Fintech team

    April 12, 2024
    Leave A Reply Cancel Reply

    This professional traveler reveals how to tour the world without any remorse

    May 30, 2025

    Spring of 2025 external equipment and new books guide

    May 29, 2025

    The 18 best beaches in the world

    May 28, 2025

    River mares in Tanzania: Heavy weights in Africa

    May 26, 2025
    Recent Posts
    • This professional traveler reveals how to tour the world without any remorse
    • Spring of 2025 external equipment and new books guide
    • The 18 best beaches in the world
    • River mares in Tanzania: Heavy weights in Africa
    • How to decide which one chooses
    About

    ZEMS BLOG in partnership with Holiday Omega keeps you informed. Bringing you the latest news from around the world with fresh perspectives and unique insights. Your daily source for news from around the world. All perspectives, all curated for a global audience.

    Facebook X (Twitter) Instagram YouTube Telegram
    • About Us
    • Contact Us
    • Privacy Policy
    • Disclaimer
    Subscribe For latest updates

    Type above and press Enter to search. Press Esc to cancel.