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Podcast: Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence
Episode: Series 10, Episode 3: See you in court! The SEC and spot bitcoin ETFs
Description: When it comes to crypto regulation the United States is a global outlier because the Securities and Exchange Commission (SEC) and Gary Gensler its chief executive, steadfastly believe crypto assets are securities as defined by current legislation. Where the SEC sees issues, it pursues crypto businesses through the courts and in turn, sometimes companies sue the regulator.Litigation, not regulation, is how spot bitcoin (BTC) exchange-traded funds (ETF) came to launch in mid-January despite SEC objections. Grayscale Investments sued the SEC last year after it refused its application to convert its Bitcoin trust into an ETF. The SEC...