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SEC’s Grayscale Court Rout Puts Agency in Will-They, Won’t-They Role Starring Gensler

A strong court win for the crypto spot-market ETF fight isn’t the end of the battle, because the next move belongs to the SEC, though it’s now significantly weakened.

The Securities and Exchange Commission, run by Chair Gary Gensler, is under court order to rethink Grayscale's bitcoin ETF. (Photo illustration by Jesse Hamilton/CoinDesk, with Getty image)
The Securities and Exchange Commission, run by Chair Gary Gensler, is under court order to rethink Grayscale's bitcoin ETF. (Photo illustration by Jesse Hamilton/CoinDesk, with Getty image)