Birdwatch Note Rating
2024-05-10 23:14:32 UTC - HELPFUL
Rated by Participant: 154451B4FBDC4183D24ACBAB53BE7F40FD4674017217723406AA8EEF4452C49A
Participant Details
Original Note:
NNN. The proposed community note claims that the SEC is "upholding the law". This is factually incorrect. Judge Naomi Rao called the SEC's decision to block an ETF “arbitrary and capricious because the regulator failed to explain why it approved similar products." https://www.bloomberg.com/news/articles/2023-10-23/grayscale-gets-court-order-in-fight-with-sec-over-bitcoin-etf
All Note Details