The fate of Genesis Trading, Digital Currency Group (DCG) and the Grayscale Bitcoin Trust (GBTC) continues to hang by a thread after Cameron Winklevoss took another step in the escalation over Gemini Earn customer funds with a new open letter on Tuesday. For Grayscale, however, the current battle is also about continuing to fight on the front lines against the U.S. Securities and Exchange Commission.
Craig Salm, chief legal officer (CLO) at Grayscale, revealed in a Twitter thread today that Grayscale will “soon” file the next brief in its lawsuit against the SEC, which is refusing to convert Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.