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Grayscale’s Victory Against the SEC: A Temporary Relief?

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It is reported that James Seyfart, an analyst at Bloomberg ETF, disclosed on social media the debate between Grayscale and the SEC, even though the judge gave …

Grayscales Victory Against the SEC: A Temporary Relief?

It is reported that James Seyfart, an analyst at Bloomberg ETF, disclosed on social media the debate between Grayscale and the SEC, even though the judge gave Grayscale a victory and revoked the rejection of the CSRC (which now seems to be obviously reasonable), There is still a big “if” about how to deal with the judge. In theory, the SEC may refuse again for different reasons. According to what I heard, I would not be surprised if grayscale won all three judges. Perhaps my view will change with my digestion.

Bloomberg ETF analyst: Even if Grayscale wins the support of the judge to revoke the SEC’s refusal order, the SEC may refuse again for different reasons

Analysis based on this information:


The recent update on the legal battle between Grayscale and the SEC reveals the opinions of James Seyfart, an analyst at Bloomberg ETF. Despite Grayscale’s win against the SEC in a courtroom battle that revoked CSRC’s rejection, Seyfart emphasized the possibility of a further debate about the judge and the SEC’s stance. The analyst claimed that even though Grayscale emerged as the winner against the SEC, there is still a big “if” about how to deal with the judge.

The victory granted to Grayscale by the judge might not be permanent, and the SEC might refuse Grayscale’s request in the future for various reasons. Seyfart’s opinion echoed the doubts that arose after the victory granted to Grayscale, emphasizing that the victory might not be the end of Grayscale’s legal woes.

The analyst’s opinion on the matter reflects the possibility that Grayscale might face more setbacks even if the judge ruled in their favor in the present moment. Seyfart explicitly stated that he would not be surprised if Grayscale did not win all three judges in the future, although his interpretation might change with time.

Overall, the message highlights the complex legal battle between Grayscale and the SEC. While Grayscale’s win in the courtroom was a significant achievement, it also represents a temporary relief in their legal troubles. The message also elucidates the possible future scenarios that Grayscale might face as the SEC continues to pursue its claims. Grayscale’s victory may be short-lived if they do not address the SEC’s concerns or if the SEC decides to refuse their request in the future.

In conclusion, Seyfart’s opinion portrays the legal battle between Grayscale and the SEC as a complex and uncertain issue. The victory in the courtroom was just a temporary relief for Grayscale, and they might have to face the SEC’s objections in the future. The message highlights the need for Grayscale to address the SEC’s concerns and avoid any potential legal setbacks.

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