Description
Grayscale sues the SEC for rejecting its attempt to launch a bitcoin exchange-traded fund, arguing in its opening brief that the decision was discriminatory and harmed investors.
Legal Significance
The SEC acted arbitrarily and capriciously in denying Grayscale's petition to list its bitcoin ETP on an exchange, considering the SEC had approved two other listings of materially similar bitcoin ETPs.
Status
Settled
Case No.
22-1142
Date Filed
June 29, 2022
Plaintiff
Grayscale Investments LLC
Defendant
SEC
Court
US Court of Appeals District of Columbia
Plaintiff Counsel
Davis Polk & Wardwell LLPMunger Tolles & Olson LLP
Defendant Counsel
Daniel Taylor YoungTracey Anne HardinDavid D. LisitzaEmily True PariseMichael Andrew Conley
Major Filings
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