Birdwatch Note Rating
2023-08-30 04:14:31 UTC - HELPFUL
Rated by Participant: 78189EC0C7C66B230FED38BFD71BFE2795998C7F7E3CB2F7EA512FD4A8CB46D2
Participant Details
Original Note:
This is post is inaccurate and misleading. While Grayscale did win a lawsuit against the SEC, it was not a win to convert its fund to a Spot Bitcoin ETF. The judge simply ruled Grayscale's petition for review be granted and the commission's order be vacated. https://www.coindesk.com/policy/2023/08/29/sec-must-review-grayscales-etf-bid-appeals-court-rules/ https://watcher.guru/news/crypto-asset-manager-grayscale-wins-lawsuit-against-the-sec https://www.docdroid.net/vrehbKf/dc-cir-22-1142-01208547571-0-pdf
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