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Grayscale CEO's threatened lawsuit against the SEC, in case it rejects his firm's spot-Bitcoin ETF application, may be loaded with merit, especially if feds are withholding permission 'out of fear'

Michael Sonnenshein says the Securities and Exchange Commission isn't doing its job by letting investor cash languish in Grayscale Bitcoin Trust when an ETF is measureably better.

Author Brooke Southall April 1, 2022 at 2:29 AM
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Michael Sonnenshein: 'We really don’t feel that the SEC is doing everything they can to actually protect investors.'


Ron A Rhoades

Ron A Rhoades

April 1, 2022 — 3:56 PM
The SEC should protect investors, by not approving ANY mutual fund or ETF that invests in Bitcoins (and many other cryptocurrencies). They have no intrinsic value. It is just a "piece of paper" in search of "a greater fool." https://ronrhoades.com/cryptocurrencies-signed-pieces-of-paper-in-search-of-the-greater-fool/

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