Coinbase filed an amicus brief supporting Grayscale Investments’ continued efforts to launch a spot-bitcoin exchange-traded fund (ETF), per a court filing.

Amicus briefs, or an amicus curiae, occurs when an organization or individual who is not involved in a court case believes they can offer expertise that could be valuable to a court’s determination by providing information.

The brief, submitted to to the U.S. Court of Appeals for the District of Columbia Circuit explains that the Securities and Exchange Commission (SEC) has “categorically denied every proposal” for spot bitcoin ETFs in the U.S.



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