Is the SEC Rejecting Voyager?

If grayscale ultimately is able to make this conversion, it would get rid of their net asset value discount problem because it would allow redemptions. LedgerX, which was one of the few areas of the FTX empire that remained solvent, had its auction delayed from today to March 22nd. The US claims that it seeks to out compete China but does not seek conflict. Yet in reality, its so-called competition aims to contain and suppress China in all respects - a zero sum game.