Donald B. Verrilli, who served as Solicitor General of the US during Obama's administration, could help Grayscale achieve its spot Bitcoin ETF mission.
Former US Solicitor General to Aid Grayscale’s Bitcoin ETF EffortsDonald B. Verrilli, who served as Solicitor General of the US during Obama’s administration, could help Grayscale achieve its spot Bitcoin ETF mission.
The world’s largest digital asset manager – Grayscale – hired Donald B. Verrilli as additional legal counsel. With his help, the firm aims to receive the SEC’s approval and finally convert its Bitcoin trust into an exchange-traded fund.In a recent tweet, Grayscale raised hopes that Verrilli could be a great addition to the company’s “strongest possible team of legal minds” that work towards launching a spot Bitcoin ETF.
Grayscale’s ambitions to introduce an exchange-traded fund tracking the performance of bitcoin in the States are not new but to no avail so far as the SEC is yet to give its nod on such a product. The regulator has until July 6 to reject or approve Grayscale’s filing.that the watchdog’s possible decision to reject the launch of the ETF could be against the law.
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