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Crypto fund Grayscale launches lawsuit after SEC rejects ETF plan

Crypto fund Grayscale launches lawsuit after SEC rejects ETF plan

Grayscale has launched a lawsuit against the US Securities and Exchange Commission after the regulator denied the group’s bid to convert the world’s largest crypto investment vehicle into a fund listed on Wall Street exchanges. The SEC late on Wednesday rejected Grayscale’s latest application to become an exchange traded fund because the $40bn Bitcoin Trust failed to meet consumer protection requirements.








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