Daily Archives: June 8, 2022, 8:13 pm

Grayscale Hires Top Obama White House Lawyer David Verrilli – Bloomberg

Grayscale Investment LLC has brought in a top legal mind from the former Obama administration as it weighs the possibility of the US Securities and Exchange Commission rejecting its application to convert its $20 billion Bitcoin trust into an exchange-traded fund. The crypto asset manager announced Tuesday that is has hired Donald Verrilli, who worked as US solicitor general from…

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Crypto Bill Condemned by Consumer Advocates in Washington

The wide-ranging crypto bill introduced Tuesday by U.S. Senators Cynthia Lummis and Kirsten Gillibrand didn’t draw any praise from consumer advocate groups. “The bill gives the industry what it wants most: the Commodities Futures Trading Commission (CFTC) as its primary regulator, even though it exists to police markets where physical producers and purchases of commodities like corn, wheat, oil, natural…

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