Overview
On August 29, 2023, Bloomberg quoted Coy Garrison in a piece titled “Crypto’s Top Enemy Gensler Put on Defensive by Grayscale Ruling.” The article discusses a recent appeals court decision, which overturned a decision to block Grayscale Investments LLC’s proposed spot Bitcoin exchange-traded fund. The decision is considered a defeat for the Securities and Exchange Commission (SEC), which has been cracking down on cryptocurrency exchanges.
Garrison said: "The rulings show the courts will not blindly accept the SEC’s conclusions on the application of securities laws to crypto. The courts, not the SEC, have final say."
Read the full article at Bloomberg (subscription required).
