Coinbase Piles On Support for Grayscale’s EFT by Filing Amicus Brief in Effort to Reverse SEC’s Rejection

In the brief submitted Tuesday to the U.S. Court of Appeals for the District of Columbia Circuit, the Blockchain Association, the Chamber of Digital Commerce and Coin Center noted that the SEC had “categorically denied every proposal” to list ETFs that hold bitcoin, despite approving multiple ETPs that hold bitcoin derivatives (specifically, futures contracts).