A confluence of court rulings and evolving legislation has cryptoverse bulls anticipating calmer regulatory seas ahead. While far from smooth sailing, these pivotal moments hint the tide may be turning for crypto acceptance.
Keypoints
- Approval of a Bitcoin spot ETF could bring massive institutional investment into crypto, potentially influencing prices.
- The Ripple vs SEC ruling suggests many altcoins are not securities, which could complicate fraud lawsuits against crypto issuers.
- Legal challenges like Bittrex’s are questioning the SEC’s authority to regulate crypto without congressional approval.
- There are growing calls for the CFTC to play a bigger role in crypto regulation as an alternative to the SEC. New legislation also aims to define crypto as “commodity-like”.
Grayscale’s big win against the SEC over its spot Bitcoin ETF denial was a watershed event. The stern judicial rebuke of the SEC’s “arbitrary” stance builds…
