SEC Delay on Grayscale’s Digital Large-Cap ETF Breaches Statutory Deadline
SEC Delay on Grayscale’s Digital Large-Cap ETF Breaches Statutory Deadline
In a sharply worded letter dispatched on Tuesday, Grayscale’s legal team accused the U.S. Securities and Exchange Commission of violating federal statutes by stalling its Digital Large‑Cap exchange‑traded fund (ETF) approval process. Attorneys assert that the SEC’s decision to postpone its ruling undermines the agency’s statutory deadline and established procedural norms.
Despite initial approval of the ETF proposal by the SEC’s Division of T...
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