Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation

Presidential candidate Vivek Ramaswamy praised Grayscale's victory over the SEC, stating that the decision will help keep Bitcoin and blockchain innovation within the United States, and he promised to rescind federal regulations that fail the Supreme Court's test, potentially limiting the SEC's influence.

cointelegraph.com

Relevant topic timeline:

8/29/2023

Court sides with Grayscale in closely watched Bitcoin ETF case

The U.S. Court of Appeals for the DC Circuit ruled that the SEC was unreasonable in denying Grayscale's permission to launch a Bitcoin ETF, potentially opening the door to a significant influx of capital into the crypto markets.

8/30/2023

Grayscale CEO predicts a crypto environment 'we haven’t seen before' after legal win

Grayscale Investments CEO Michael Sonnenshein believes that the recent court decision in favor of Grayscale could lead to a new and unprecedented environment for cryptocurrencies, potentially expanding mainstream acceptance of digital assets and boosting the chances for other asset managers to win approval for their bitcoin products.

9/1/2023

Gary Gensler’s Crypto Approach Likely Won’t Be Slowed By The Courts

The Securities and Exchange Commission (SEC) may have suffered setbacks in its regulation-by-enforcement approach to the cryptocurrency industry, with the latest ruling in favor of Grayscale Investments potentially paving the way for the emergence of a bitcoin spot exchange-traded fund (ETF); however, the SEC could appeal the decision or find new ways to deny similar applications, and the lack of a regulated exchange for the bitcoin spot market remains a challenge. Despite court challenges, SEC Chair Gary Gensler is expected to continue pursuing his regulation tactics, while Congress and a potential Republican president in 2024 may play a role in shaping the regulatory environment for digital assets.

9/3/2023

SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2

Grayscale wins a victory in its battle against the SEC as a judge allows a second review of its Bitcoin ETF application, Ben Armstrong is removed as the public face of BitBoy Crypto due to substance abuse and financial damage, and the SEC delays its decision on six spot Bitcoin ETF applications.

9/3/2023

This Week on Crypto Twitter: Grayscale Wins Against SEC, SEC Delays ETF Applications - Decrypt

The SEC's denial of Grayscale's spot Bitcoin ETF application has been reviewed by a judge due to the SEC's failure to provide a coherent explanation, while the SEC also delayed verdicts on several Bitcoin spot market ETF applications, including BlackRock's, causing prices to rally; in other news, Circle's USDC stablecoin has experienced a significant decrease in market cap, SEC Commissioner Hester Peirce criticized the SEC's attempt to bring crypto exchanges under its jurisdiction, a lawsuit against Uniswap was dismissed by a New York judge, StarkWare zeroed all user balances on old wallets, Vivek Ramaswamy celebrated Grayscale's win over the SEC, the SEC delayed its verdict on multiple ETF applications including BlackRock's, and Chinese courts considered cryptocurrencies legal property protected by law.

9/5/2023

Grayscale urges U.S. SEC to approve spot bitcoin ETF following court victory

Grayscale Investments has urged the U.S. SEC to approve its proposed Bitcoin ETF after winning a court victory against the agency, with the firm's law firm stating that the SEC should issue an order approving the product.

9/12/2023

Gensler to push for crypto regulation despite recent SEC court losses

Despite recent losses in court, SEC Chair Gary Gensler remains firm in his belief that his agency should regulate cryptocurrencies as securities, stating that most crypto assets meet the Howey Test and should comply with securities laws. The SEC's defeats in cases against Ripple and Grayscale have not deterred Gensler's stance, and he plans to convey this to lawmakers during a Senate Banking Committee hearing.

9/20/2023

GOP Hopeful Vivek Ramaswamy Promises Pro-Crypto Policy, Blasts SEC 'Overreach'

GOP presidential candidate Vivek Ramaswamy announced plans to release a "comprehensive crypto policy framework" and criticized regulatory agencies for their unconstitutional power, highlighting the growing prominence of crypto in the US political landscape.