Grayscale Wins Their Lawsuit Against the SEC | GBTC is About to Become the First BTC Spot ETF

in LeoFinancelast year

Today's episode is a rollercoaster of legal battles, market spikes, and important lessons for the crypto community. First on the agenda is Bitcoin's eye-popping spike to $27,500, fueled by Grayscale's monumental win in court. What does this victory signify for the crypto market?

The judge in the case didn't hold back, labeling the SEC's actions as 'arbitrary and capricious.' Between the Ripple ruling and now Grayscale, is the SEC fighting a losing battle in the crypto space? We'll dive into the details.

Institutional adoption is on the rise, but is it causing Bitcoin to vanish from exchanges? We'll explore the data and its implications. On a different note, how are you holding up this crypto cycle? We're discussing the 'ghost-town' vibes and survival strategies.

In a secretive move, the SEC has filed a court document against Binance. What could this mean for one of the largest crypto exchanges? Lastly, FTX customers have been targeted by phishing emails, serving as a broader warning about the risks in this crypto bull market.

  • Bitcoin Spikes to $27,500 On News of Grayscale's Big Win in Court
  • Judge Calls SEC's Actions "Arbitrary and Capricious"
  • Between Ripple Ruling and Now Grayscale, SEC Fighting a Losing Battle?
  • Is Institutional Adoption Erasing Bitcoin From Exchanges?
  • Crypto Ghost-Town Vibes - Did You Survive This Cycle?
  • SEC's Secretive Binance Court Filing
  • FTX Customers Hit With Phishing Emails and A Broader Message About the Crypto Bull

Want to Help Us Double the Userbase of Hive?

Our DHF Proposal is currently 100% funded which means that it is over the return proposal. This being said, we still want to campaign to keep getting votes to signal support from the community. We have so much in store for the proposal and our aim is to get over 30M HIVE POWER in backing votes. We're at 25.2M currently. The funding begins on September 1st and so do all of our marketing funnels. Vote now to help us grow Hive, together!

image.png


Posted Using LeoFinance Alpha

Sort:  

Not sure they will be the first to a Spot ETF.

Gensler can still shoot this down. He just needs to get more creative with his denials.

Thanks for sharing this post, the challenges faced in the crypto world will become minimal one day.

!PGM
!PIZZA
!CTP

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP tokens

remaining commands 1

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


PIZZA!

$PIZZA slices delivered:
@torran(8/10) tipped @khaleelkazi