After two years of fines, threats and lawsuits, Gary Gensler had crypto reeling. But a pair of recent legal setbacks have Wall Street’s top cop on the defensive.
The most stinging defeat for the SEC came on Tuesday when an appeals court overturned its decision to block Grayscale Investments’ proposed spot Bitcoin exchange-traded fund. The ruling cracks open the door for a suite of products the regulator has deemed unsafe for retail investors.
The SEC may still appeal the decision. It’s already fighting another lower-court ruling over sales ...
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