Scott Johnsson
Scott Johnsson|Jul 22, 2025 21:28
This is another crypto index ETP, and it's also been stayed pursuant to Rule 431 (same as Grayscale's Digital Large Cap) to review the delegated authority order. I have to wonder what is going on at the SEC. I can excuse GDLC as an unforeseen unilateral Crenshaw wrench, but this shouldn't happen again here. So either (1) they again approved under delegated authority knowing Crenshaw would throw another wrench -- perhaps so GDLC wasn't penalized by the first wrench or (2) this (and GDLC) was planned by the Commission as an end-around the 240-day statutory period. Both explanations are the kind of funny business that shouldn't really be happening under Atkins.(Scott Johnsson)
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