Grayscale throws shade at SEC for dragging feet on Digital Large Cap Fund ETF
12.07.2025
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Grayscale's legal team just called out the SEC for hitting the snooze button on their ETF approval. Drama in the crypto regulatory world? Shocking.
Grayscale's lawyers are not having it. They've slapped the SEC with a letter, accusing them of playing games with the approval timeline for their Digital Large Cap ETF. Classic SEC move, right?
The SEC's Trading and Markets division was all set to green-light the ETF, but then the Office of the Secretary stepped in like, 'Hold up, let’s think about this.' Grayscale’s response? 'That’s not how this works.'
The consequences of a failure to meet the statutory approval or disapproval deadline, regardless of the reason, are clear: under Section 19(b)(2)(D), the rule proposal is deemed approved. Grayscale, the Exchange, and the Fund’s current investors are suffering harm as a result of the delay in the public launch of the Fund.
Grayscale’s move to convert its crypto trusts into ETFs is a big deal—it’s like crypto’s graduation from underground clubs to Wall Street. But the SEC’s delay is like the bouncer checking IDs extra slow.
SEC might be streamlining ETF approvals—finally
Rumor has it the SEC is considering cutting the red tape on crypto ETFs. Imagine that—less paperwork, more crypto. Could this be the start of a beautiful friendship?
SEC Chair Paul Atkins is talking big about transparency and innovation. 'My whole goal is to make things transparent from the regulatory aspect,' he says. We’ll believe it when we see it.
Simpler ETF approvals could flood the market with new crypto products. More options for investors? More money flowing into crypto? Sounds like a win-win—unless you’re the SEC, apparently.
#SEC#Bitcoin ETF#legislation#regulation#Spot ETFs
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