Grayscale defeats SEC, ETF drama takes spotlight, Ronaldinho embroiled in crypto scam | Weekly Recap
This week, Grayscale triumphed in a high-stakes battle against U.S. regulators, while developments emerged regarding spot-based BTC ETF applications. Amidst these events, football star Ronaldinho found himself embroiled in a crypto controversy. Grayscale secures victory Grayscale’s legal triumph over the U.S. Securities and Exchange Commission (SEC) seized the spotlight this week. In a groundbreaking decision by a federal court in Washington, Grayscale received the green light to introduce a spot-based BTC ETF in the U.S. This judicial action overturned the SEC’s previous denial of Grayscale’s proposal, deeming it irrational and unjustified. The development ignited a surge of optimism within the crypto community, catalyzing an upswing in the market. Despite the market’s positive response, Bitcoin critic Peter Schiff expressed a note of caution regarding the implications of Grayscale’s legal triumph. He voiced concerns about potential repercussio...