Grayscale CEO Slams SEC over Bitcoin ETF #TOGRP7
Digital currency asset manager Grayscale filed suit against the U.S Securities and Exchange Commission (SEC) over its rejection of its spot Bitcoin ETF. Now, the firm’s CEO Michael Sonnenshein spoke about this matter in an interview.#TOGRP7
In the interview, Michael Sonnenshein revealed the prejudiced treatment by the SEC. The regulatory have approved trading of Bitcoin futures product under specific rules and regulations and on the other hand, it has denied spot trading and similar products.Todd Rosenbluth of VettaFi also affirmed by sharing his thoughts that could change the SEC perspective. The commission puts some regulations in place for bitcoin future-based ETFs that distinguish them from spot-based products.Sonnenshein cited other countries like Brazil, Canada, and European countries where authorities are welcoming spot Bitcoin ETFs.