Published by
Benzinga
Benzinga
Major cryptocurrencies experienced a decline on Wednesday as the rally subsided, a trend attributed toGrayscale’s court triumph against the Securities and Exchange Commission (SEC). What Happened: The federal appeals court has instructed the SEC to reconsider its decision to decline the investment manager Grayscale’s proposal to transform its $14 billion Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). This development sparked a swift increase in the overall crypto market and crypto-related stocks on Tuesday. Gold, Silver Or Bitcoin: What Is The Best Hedge Against…