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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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📅 End at: July 9, 16:00 UTC
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Digital asset management firm Grayscale has sent a new official letter in its lawsuit against the SEC over the rejection of its Bitcoin ETF application. The letter criticized the SEC's acceptance of leveraged Bitcoin ETFs, emphasizing that it was riskier than Grayscale's offering. Grayscale has accused the SEC of frivolity, using similar arguments in the past. The SEC, on the other hand, rejected the application, claiming that Grayscale's GBTC product is vulnerable to fraud and manipulation. The SEC also rejected spot Bitcoin ETF requests, arguing that futures Bitcoin ETFs are safer.
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