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Grayscale Challenges SEC Authority Over GDLC ETF Suspension in Legal Response

2025-07-11 13:45:00

Grayscale Challenges SEC Authority Over GDLC ETF Suspension in Legal Response

Main Idea

Grayscale is legally challenging the SEC's suspension order regarding the conversion of the GDLC ETF, arguing the SEC lacks jurisdiction, which could set precedents for future crypto ETFs.

Key Points

1. Grayscale and its legal team have formally challenged the SEC’s suspension order on the GDLC ETF conversion.

2. They argue that the SEC lacks jurisdiction to enforce such a suspension.

3. This legal challenge could set significant precedents for future crypto ETFs.

Description

Grayscale and its legal team have formally challenged the SEC’s suspension order concerning the conversion of the GDLC ETF. According to Bloomberg analyst James Seyffart, the response letter asserts that

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