Is This SEC Loss A Win For Grayscale

Also Read: Binance Facing Intense Scrutiny In Euro Area Amid Banking Woes

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SEC Takes Another Loss

As per reports, the D.C. Circuit stated that the SEC’s decision to exclude certain stock volatility futures from certain regulations, allowing them to compete with another index, was deemed to be unfair and lacking a reasonable basis.

The court felt that the decision was not justified and could have been made without enough thought or good reasons. Chief Judge Sri Srinivasan for the appeals court mentioned that the SEC failed adequately to explain its rationale while it also failed to consider an important aspect of the problem. This made the Commission’s decision questionable and not well-supported.

However, this suggests that without exemption. SPIKES Index Futures will now fall under “securities futures” rather than “futures.” Bloomberg reported that the court is delaying the final order in the case. This is done in order to allow market participants three months to tail off their transactions.

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