It was another relatively quiet week in the markets and over on Twitter. The biggest noise in crypto news was heard on Tuesday, when a judge told the U.S. Securities and Exchange Commission (SEC) that its denial of crypto asset manager Grayscale’s spot Bitcoin ETF application would have to be reviewed. The Federal appeals court said the SEC failed to provide a “coherent explanation” for its denial.
Prices rallied on the news. But by the end of the month, the already slow week had ground to a halt after word broke out that the SEC had delayed verdicts on not one, not two, but a handful of Bitcoin spot market ETF applications, including that of asset manager giant BlackRock.
The developments were followed closely on Crypto Twitter, where the community delivered a few verdicts of their own this week.
On Monday, crypto fan @0xSisyphus
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Author: Tim Hakki
Tip BTC Newswire with Cryptocurrency