Grayscale Submits Legal Letter Protesting SEC's Order to Halt Conversion of Its "Digital Large Cap Fund" into an ETF
According to Foresight News, Bloomberg analyst James Seyffart reported that Grayscale and its legal team have submitted a letter in response to the U.S. Securities and Exchange Commission (SEC)'s "stay" order regarding the ETF conversion of GDLC, arguing that the SEC does not have the authority to take such action.
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