March 10, 2023

#85 - An Update on Grayscale vs the SEC

21 minutes

A panel of judges heard oral arguments in the Grayscale Investments suit against the U.S. Securities and Exchange Commission (SEC) on March 7.

This podcast dives into the history of GBTC, the SEC's reasoning for rejecting the spot-bitcoin ETF, Grayscale's argument against the SEC and an overview of what we heard during the oral arguments on March 7. We also cover what thought leaders in the industry expect the outcome to be, and why this application is so important to Grayscale.

Sources:

The United States Court of Appeals for the DC Circuit / YouTube

Self-Regulatory Organizations; NYSE Arca, Inc.; Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, to List and Trade Shares of Grayscale Bitcoin Trust under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares) / SEC

GBTC discount narrows following arguments in Grayscale-SEC lawsuit / Yahoo

Grayscale Appears To Win Opening Salvo in Bitcoin ETF Case vs SEC / Blockworks

Judges Express Skepticism of SEC Arguments in Grayscale Bitcoin ETF Hearing / CoinDesk

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@NYCStein

@xethalis

Disclaimer: Jacob Robinson and his guests are not your lawyer. Nothing herein or mentioned on the Law of Code podcast should be construed as legal advice. The material published is intended for informational, educational, and entertainment purposes only. Please seek the advice of counsel, and do not apply any of the generalized material to your individual facts or circumstances without speaking to an attorney.

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