Grayscale Clears Path for Bitcoin Innovation: Vivek Ramaswamy
Sharing his skepticism towards the government, the conservative businessperson asserts that the “shadow government” in Washington is operating without restraint. According to the entrepreneur, federal courts represent the final defense against the “unlawful rogue actions” of government agencies identified by acronyms. In the situation involving Grayscale, the court’s decision validated this stance. advertisement In his Wednesday Twitter post, Ramaswamy said: “This decision is strong and clears a path to keep Bitcoin and blockchain innovation in the U.S. instead of overseas. But this should have never reached the courts in the first place.” In their lawsuit, Grayscale accused the SEC of approving other Bitcoin products like the future ETFs while having no grounds for rejection for the spot Bitcoin ETFs. US Courts Favoring Bitcoin and Crypto As pointed out by Vivek, recent months have witnessed courts siding with...