The crypto community's frustration with regulatory uncertainty is evident as contrasting headlines emerge between Europe's launch of its first Bitcoin ETF and the US's SEC delaying all Bitcoin ETF decisions until 2024. Amid this backdrop, attention is focused on the imminent decision regarding Grayscale's lawsuit against the SEC over the conversion of its Bitcoin Trust into an ETF. The outcome, expected on August 15 or possibly August 18, carries significant implications for the US crypto market, potentially indicating a catch-up with global ETF advancements or reinforcing regulatory obstacles. Varying opinions on the verdict reflect the ongoing tension between regulatory caution and the crypto industry's desire for progress and clarity, underscoring the pivotal role of this decision in shaping the US crypto landscape.
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https://blockworks.co/news/us-europe-spot-bitcoin-etf
https://u.today/sec-grayscale-decision-expected-this-week-crypto-may-gain-bigger-momentum-john-deaton
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