Grayscale Wins in Court but SEC Delays All ETF Applications, BTC Pumps and Dumps $2K (This Week’s Crypto Recap)

After several weeks of lack of any major developments in the crypto industry, the past few days saw an increased number, mostly surrounding the potential launch of a spot Bitcoin ETF in the States. Naturally, this impacted the asset’s price quite a lot.

It all started on Tuesday when Grayscale – the largest crypto asset manager – won a court battle against the SEC. A US judge sided with the crypto company and ordered the Securities and Exchange Commission to “vacate” its decision to reject the review of Grayscale’s application to turn its GBTC into a spot BTC ETF.