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U.S. Lawmakers Call for Firing of SEC Chairman Gary Gensler

After the decision made by Grayscale on Tuesday, Ohio US Congressman Warren Davidson called for the removal of Securities and Exchange Commission (SEC) Chairman Gary Gensler. Regarding the ruling on Grayscale's lawsuit, Congressman Davidson wrote that Grayscale's victory provided more evidence that Gary Gensler's behavior at the SEC was arbitrary and capricious.

Earlier, the court approved Grayscale's request and revoked the SEC's order. The latest ruling brings hope for the upcoming launch of a Bitcoin spot ETF in the US market. However, the approved path is not yet fully clear.

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