Grayscale Hires Donald B. Verrilli In Persuit Of Getting SEC Approval And Bit...
Grayscale, the biggest crypto asset manager worldwide, has hired Donald B. Verrilli, the former Solicitor General of former US President Obama. This deal aims to get the SEC’s (Securities and Exchange Commission’s) approval of Bitcoin ETF for spot trading by changing its BTC trust into an ETF. The platform believes Verrilli can come to be […]
Related News
Ahead of the July 6 SEC decision, the investment giant has hired Don Verrilli, a former U.S. Solicitor General as a senior legal strategist, working alongside its attorneys at Davis Polk & Wardwell LLP and its in-house counsel. Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6.The company has been waiting on a decision from the SEC to convert its flagship $19.8 billion....
A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange-traded product (ETP) citing the same reasons. Grayscale has announced a legal challenge to the latest rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission.It announced that its Senior Legal Strategist, former U.S. Solicitor General, and partner at Munger, Tolles & Olson, Donald B. Verrilli, Jr. had filed a petition for review with the United States Court of Appeals for the District of Columbia....
Breitbart is not happy with Glenn Beck. The tea party talking head, Beck, insinuated in a radio program that Stephen Bannon, Donald Trump’s new presidential campaign CEO and former Breitbart News executive, threatens enemies lives and hires assassins on the dark net. Beck, who supported Ted Cruz during the Republican primary, said Bannon might use “the Dark Web” for illegal activities, including hiring assassins. Beck has a history of making comments against Bannon. Breitbart’s Ezra Dulis reports: This is a guy who uses the Dark Web. If you don’t know what the Dark Web is, good for you.....
Grayscale met with the SEC behind closed doors to persuade regulators to approve the fund’s application to convert into a spot-bitcoin ETF.
Grayscale has signed on two leading market makers to serve as authorized participants in its upcoming spot bitcoin ETF, pending SEC approval.