Staggering amount of XRP moved with participation of Ripple blockchain behemoth
SEC loses case to Grayscale, but there's a catch
As reported by U.Today on Tuesday, Grayscale scored a victory against the U.S. Securities and Exchange Commission in court. Since this is the third crypto company that has beaten the U.S. securities regulator; first in was Ripple, then Caitlin Long's Custodian Bank, now Grayscale's turn has come. Even though, the victory of the latter does not automatically ensure the conversion of Grayscale Bitcoin Trust into a Bitcoin ETF. Still, victory in this case means a lot to the crypto community and its future.on Tuesday, and XRP printed a rise by over 6%.
The court ruled that"denial of Grayscale's proposal was arbitrary and capricious because the Commission failed to explain its different treatment of similar products."
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