Grayscale legal officer says Bitcoin ETF litigation could take two years
— Grayscale, Officer, Lawsuit, Legal, Spot, Futures, Etfs, Litigation, Salm, Bitcoin — 1 min read
Asset management firm Grayscale is fighting for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States. The SEC has approved an ETF that shorts Bitcoin while approving a Bitcoin futures ETFs. The firm has filed a lawsuit against the SEC over the approval of the spot Bitcoin ETF. Craig Salm, chief legal officer at asset manager Gayscale, discussed the firm’s lawsuit with the SEC. Salm also answered the most common question among those following the lawsuit's developments: When it will finally be approved, Salm said it could take from one to two years to be approved. Despite the potential length of the lawsuit, he believes in its arguments and is positive the courts will rule in its favor. Source