Bitcoin

US SEC does not plan to appeal court decision on Grayscale bitcoin … – Reuters


The headquarters of the U.S. Securities and Exchange Commission are seen in Washington

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing Rights

NEW YORK, Oct 13 (Reuters) – The U.S. Securities and Exchange Commission will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund, said a source familiar with the matter.

The decision sets the stage for the agency to reexamine Grayscale’s proposal.

Reporting by Chris Prentice and Hannah Lang

Our Standards: The Thomson Reuters Trust Principles.

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