What are the key arguments presented by the SEC in the lawsuit against Grayscale?

1 answers

• Dec 16, 2021 · 3 years ago
  According to the SEC's lawsuit against Grayscale, the main arguments revolve around the company's alleged violation of securities laws. The SEC claims that Grayscale has been operating an unregistered securities offering by offering investment products like the Grayscale Bitcoin Trust (GBTC) without proper registration. The SEC argues that GBTC should be classified as a security and therefore subject to registration requirements. The SEC also accuses Grayscale of failing to provide investors with necessary disclosures and financial statements. Additionally, the SEC alleges that Grayscale has engaged in market manipulation by artificially inflating the price of GBTC. The evidence presented by the SEC includes internal communications, trading data, and expert testimonies.
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