Grayscale suing SEC after its Bitcoin ETF is rejected
The regulator found that the listing proposal didn’t do enough to prevent fraud and manipulation.
Grayscale Investments said it had sued the Securities and Exchange Commission after the agency rejected a bid to convert its Bitcoin trust into an exchange-traded fund.
Chief Executive Officer Michael Sonnenshein tweeted late Wednesday that Grayscale was suing the regulator and the company said i
Learn more about reprints and licensing for this article.