Grayscale means business. Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. SEC should the regulator reject its application for a spot Bitcoin ETF on July 6.
Grayscale described Verrilli as one of the nation’s most experienced attorneys with “a deep understanding of legal theory, administrative procedure, and the practical matters of working with the judiciary branch.”
“We are thrilled that he is joining our team as we work towards a positive resolution for investors and the general public.”to an ETF, we have retained Donald B. Verrilli, Jr., former Solicitor General of the United States, as additional legal counsel. A short on why:Meanwhile Citadel Securities, a market maker that could provide liquidity for crypto ETFs such as that proposed by Grayscale on Tuesday said it was open to supporting crypto ETFs but won’t do so without regulators' approval.
“We will be ready if and when those products are approved, but we are taking a measured approach,” said Citadel ETF head Kelly Brennan said in anMarket makers are key liquidity providers in the ETF ecosystem as they ensure continuous and efficient ETF trading.
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