Foresight News reports that, according to Bloomberg analyst James Seyffart, Grayscale and its lawyers have submitted a letter in response to the U.S. Securities and Exchange Commission (SEC) 's 'halt' order regarding the ETF conversion of GDLC, arguing that the SEC does not have the authority to do so.
Grayscale Submits Legal Letter Protesting SEC's 'Halt' Order on Its 'Digital Large Cap Fund' ETF Conversion
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