Encrypt KOL: Regarding the SEC ruling, there are three options. Applying for a full appeal may only anger the court.
2023-08-29 15:30
Odaily News: Adam Cochran, Partner at Cinneamhain Ventures, posted on X (formerly Twitter) platform stating that the SEC has three options regarding the court ruling: delay the decision and present new reasons for rejection, acknowledge and approve (Grayscale ETF), or request an en banc appeal to the full panel of judges.
However, considering the reasons for the court ruling and the fact that they repeatedly pointed out the committee's failure to support any of their arguments, an en banc appeal would be a terrible decision, potentially only provoking the court.
In previous news, Bloomberg ETF analyst James Seyffart stated that the SEC can file an en banc appeal application within 45 days.
However, considering the reasons for the court ruling and the fact that they repeatedly pointed out the committee's failure to support any of their arguments, an en banc appeal would be a terrible decision, potentially only provoking the court.
In previous news, Bloomberg ETF analyst James Seyffart stated that the SEC can file an en banc appeal application within 45 days.
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