The Wolf Of All Streets
Massive Bitcoin Pump l Grayscale Defeats The SEC! l ETF Inevitable?
Aug 30, 2023
Join the ETF guru Dave Nadig and crypto lawyer John E. Deaton as they discuss the implications of Grayscale's victory against the SEC, including the chances of a Bitcoin ETF approval. They also explore the challenges of operating in the US, analyze the Bitcoin market indicators, and delve into the concept of accumulation and breaking through resistance in cryptocurrency trading.
49:53
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Quick takeaways
- Grayscale's victory against the SEC exposes the regulator's failure to provide a reasonable explanation for its actions, potentially impacting future regulatory decisions.
- The court decision against the SEC signals a setback for the regulator and may influence the approach of other regulatory agencies towards digital assets.
Deep dives
Grayscale defeats SEC in court, signaling a significant win for crypto
In a major victory for the crypto space, Grayscale defeated the SEC in court with a three to zero vote by appellate level judges. The win was significant as it exposed the SEC's failure to provide a reasonable explanation for its actions. This outcome suggests that the SEC's aggressive stance towards the crypto industry may face pushback and potentially impact future regulatory decisions. While the immediate effects on the industry, such as the likelihood of an ETF approval, remain uncertain, Grayscale's win is seen as a positive development for crypto overall.
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