Grayscale hires former Solicitor General to help force Bitcoin ETF approval By Cointelegraph

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Grayscale hires former Solicitor General to help force Bitcoin ETF approval

Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot (BTC) exchange-traded fund (ETF) on July 6.

The company has been waiting on a decision from the SEC to convert its flagship $19.8 billion Grayscale Bitcoin Trust (GBTC) into a spot-based ETF, since filing its application to the regulator on October 19, 2021.