John Deaton Expects Grayscale to Win Against SEC in Bitcoin ETF Lawsuit!

The post John Deaton Expects Grayscale to Win Against SEC in Bitcoin ETF Lawsuit! appeared first on Coinpedia Fintech News

Grayscale, the world’s largest digital asset manager, is expected to win its lawsuit against the U.S. Securities and Exchange Commission (SEC) over its bid to convert its Bitcoin Trust into a Bitcoin spot exchange-traded fund (ETF). According to John Deaton, founder of Crypto-Law. US. The verdict of the court, which is expected today, stems from Grayscale CEO Michael Sonnenshein’s complaint against the SEC in June 2020, when the latter rejected Grayscale’s bid for a full-scale Bitcoin spot ETF, citing concerns about manipulation in the market. Sonnenshein had accused the SEC of being arbitrary and capricious in its decision.