🚨 Grayscale Pushes Back Against SEC Over GDLC ETF Block

🏛 Grayscale has officially challenged the SEC’s stay order that halted the conversion of its Digital Large Cap Fund (GDLC) into a spot ETF, stating the Commission lacks the authority under Section 19b of the Exchange Act to do so.

🔍 Why this matters:

⚖️ The battle over crypto ETF approvals is heating up

📈 A win for Grayscale could set a precedent for broader digital asset ETF adoption

🧩 Regulatory clarity is crucial for investor confidence and institutional entry

⚠️ Grayscale’s response signals a growing tension between innovators and regulators — and the outcome could reshape the future of crypto investment products in the U.S.

#Grayscale #GDLC #SEC #CryptoETF #DigitalAssets

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