In rulings this week, courts are sending a strong message to lawmakers that revamped regulation may be necessary.
on Tuesday morning that the SEC has to re-review Grayscale's bid for a spot bitcoin ETF after the asset management firm sued the agency last year following the rejection of its plan for the conversion of the flagship GBTC fund.Edwards is known for being a progressive judge, while Rao is a conservative appointed by former President Donald Trump.
"What really struck me about the Grayscale decision was not so much that the judges were appointed by different presidents, what struck me was the fact that you had judges appointed by presidents of different political parties that basically had the same message to the SEC, which is — 'you need to come up with some reasoned decision making, you just can’t go ahead and treat one bitcoin product differently than another,'" Aughenbaugh said.
"You have Democratic judges, mainline, progressive Democratic judges, saying that this space is not regulated and that there needs to be legislation. That's significant. This is the easy part in the courts. The hard part is when you get to a 6-3 conservative judiciary Supreme Court," Slaughter said. "It's not mean spirited necessarily, it's one branch of the government communicating with the other, which is, if you guys wanted a different ruling from us, then you should have stepped in and passed legislation allowing the executive branch to do this," Aughenbaugh added.Others threw cold water on the idea that judges that were appointed by Democratic presidents hold any extra weight.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Uniswap whales rack up UNI dumped by large wallet holders as Uniswap price tests key levelUniswap price has been finding difficulty in recovering the losses it witnessed over the past four weeks, and by the looks of it, some investors are l
続きを読む »
Experts Tip Bitcoin Cash and New Cryptocurrencies Like Sonik Coin to Outperform This Cycle & Next Crypto Bull RunOne of the best-performing crypto assets following the news of Grayscale beating the SEC, alongside the daily pumps of new meme coins on Uniswap, was
続きを読む »
Grayscale CEO uncertain about spot bitcoin ETF refiling despite 'huge win'Grayscale CEO Michael Sonnenshein remains uncertain about a spot bitcoin ETF refiling despite a 'huge win' against the SEC.
続きを読む »
Bitcoin Slinks Back to $26k Triggering $100 Million In LiquidationsBitcoin’s post-Grayscale victory hype is already fizzling out.
続きを読む »
After Grayscale Victory, SEC Kicks the Can on Latest Bitcoin ETF ApplicationsThe regulator is reviewing more than half a dozen bitcoin ETF applications and has now announced delays for some of the applications, including Galaxy and WisdomTree.
続きを読む »
Grayscale Bitcoin Trust to readjust fees if SEC approves its spot BTC ETF applicationsGrayscale asset management firm recently won in its months-long case against the US Securities and Exchange Commission (SEC). The judge determined tha
続きを読む »