On Tuesday, the United States Court of Appeals for the District of Columbia Circuit granted Grayscale a significant win over the SEC by revoking the SEC’s foregoing order to turn the GBTC into a Bitcoin Spot ETF.

However, Grayscale’s victory over the Securities and Exchange Commission (SEC) was no surprise to some crypto stakeholders as they foresaw the company’s victory over the SEC before anyone else did.

Crypto Stakeholders Predicted Grayscale’s Victory

Following the initial lawsuit from Grayscale against the SEC, Crypto Lawyer John Deaton was one of the earliest experts who predicted Grayscale’s victory over the SEC. 

Deaton’s predictions came in February 2023 following his X (formerly Twitter) post on February 28, 2023. 

I predict a win for @Grayscale. When you fight back, the SEC isn’t as successful at winning as @GaryGensler and others would have you believe – just as @s_alderoty recently tweeted out that the SEC has lost 4 out of last 5 cases before the Supreme Court. https://t.co/QakllHSDiM

— John E Deaton (@JohnEDeaton1) February 28, 2023

According to him, “Lots of smart lawyers had thoughts that the SEC would win the case due to Grayscale attempting t

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Author: Scott Matherson

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