Hodler’s Digest: August 27 – September 2 by Cointelegraph

Grayscale Investments Achieves Legal Victory Against SEC

Crypto asset manager Grayscale Investments recently celebrated a significant legal victory in its ongoing dispute with the United States Securities and Exchange Commission (SEC).

In its attempt to convert the Grayscale Trust (GBTC) into a Bitcoin exchange-traded fund (ETF), the U.S. appeals court judge sided with Grayscale’s stance. The court found that the SEC’s rejection of Grayscale’s ETF application was unjust. The SEC had previously argued that GBTC lacked sufficient safeguards and protections against fraud.

This ruling marks a critical step for Grayscale as it seeks to change the nature of its investment product amidst a challenging regulatory landscape.