Grayscale Investments tuži SEC Bitcoin ETF Denial

By Bitcoinist - prije 1 godinu - Vrijeme čitanja: 3 minute
Četvrtak, 30. lipnja 2022. 8:30

Grayscale Investments tuži SEC Bitcoin ETF Denial

In response to the U.S. Securities and Exchange Commission’s denial of a request to convert its Bitcoin trust into an exchange-traded fund, Grayscale Investments, the largest manager of digital currency assets globally, has filed a lawsuit against the SEC. 

Michael Sonnenshein, izvršni direktor kompanije Grayscale Investments, tweeted 29. juna:

Grayscale Investments pokreće tužbu protiv SEC-a.

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Što se tiče upravljanja imovinom i ulaganja u kriptovalute, Grayscale Investment je renomiran izvor. Kompanija nudi analizu tržišta i investicionu izloženost novoj klasi imovine za digitalne valute. 

However, in October 2021, Grayscale submitted a request to the SEC to declare its Grayscale Bitcoin Trust to spot-based bitcoin ETF-ovi.

The Securities and Exchange Commission (SEC) has continuously refused to allow a spot bitcoin ETF to be created. This would have allowed regular investors to buy into digital assets in a way that is similar to stocks. This would have been a significant step towards the mainstream adoption of digital assets, but the SEC voted against it.

Nažalost, SEC odbijen Grayscale’s request to convert a Bitcoin trust earlier on June 29. The regulator turned down the spot bitcoin ETF proposals because of worries about market manipulation. As a result, the eight-month conversion drive by Grayscale has been rejected, which results in legal action.

Grayscale je 29. juna odmah podnio peticiju Apelacionom sudu SAD-a za okrug Kolumbija da ispita poricanje SEC-a i ospori presudu.

Grayscale Suing SEC

Michael je istakao svoju zabrinutost i obeshrabrenje u vezi s SEC-om:

We are deeply disappointed by and vehemently disagree with the SEC’s decision to continue to deny spot Bitcoin ETFs from coming to the U.S. market.

He believes American investors will strongly express the desire to convert GBTC to a spot Bitcoin ETF during the ETF application review process. It would allow billions of dollars in investor funds to flow while bringing the biggest Bitcoin fund in the world closer to the regulatory boundaries of the United States.

Moreover, in order to support their investors and the fair regulatory treatment of Bitcoin investment vehicles, he claimed that the company would continue to use all of its resources.

Donald B. Verrilli, Jr., viši pravni strateg u Grayscaleu, smatra da SEC krši Zakon o upravnom postupku i Zakon o berzi od vrijednosti iz 1934. tako što djeluje „samovoljno i hirovito“. Ovo uključuje zanemarivanje dosljednog tretmana identičnih investicionih sredstava.

On tvrdi da:

Ovdje postoji uvjerljiv, zdravorazumski argument i radujemo se što ćemo ovo pitanje riješiti produktivno i ekspeditivno.

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Besides this, the Wall Street trading firms Jane Street, Virtu Financial (VIRT), and Grayscale signed an agreement on Monday to reduce the discount on their Bitcoin Trust in the wake of a probable ETF conversion.

David LaValle, globalni šef ETF-ova za kompaniju, rekao je da iako SEC još nije odobrio njihovu prijavu, to je znak da su spremni kada to učine.

Izvorni izvor: Bitcoinje