Grayscale Investments, a leading digital asset management firm, has won a landmark case against the U.S. Securities and Exchange Commission (SEC). This victory has been seen as a major milestone for the crypto industry, as it could open the door for a spot-based Bitcoin ETF.The SEC has been facing difficulties in its regulatory efforts against crypto companies, including a partial loss against Ripple last month. This second significant defeat indicates a weakening of the SEC’s crypto crackdown. Grayscale had accused the SEC of arbitrary decision-making by rejecting its application to transform the Grayscale Bitcoin Trust into a spot-based exchange-traded product (ETF).The court sided with Grayscale, leading to speculation about the potential appearance of a spot-based BTC ETF. The Ripple community is optimistic that this victory will have a positive effect on the re-inclusion of Ripple’s XRP in Grayscale’s Digital Large Cap Fund. XRP was removed from the fund in January 2021 following an SEC lawsuit labeling it as an unregistered security.The crypto industry and investors are closely watching Grayscale’s next moves, as the firm’s decisions are often seen as a barometer for broader market sentiment and regulatory trends. Given the monumental nature of its recent legal win, these next steps are eagerly awaited.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Barry Silbert, Riz XRP
Companies	Grayscale Digital Large Cap Fund, Grayscale Investments, FINRA, U.S. Securities and Exchange Commission (SEC), Ripple, eToro, Grayscale Bitcoin Trust, FAC
Currencies	Ethereum, XRP, Bitcoin
Securities	None