Grayscale said the U.S. SEC suspended trading in its digital market funds as "unexpected"
Internet reported that crypto asset manager Gray said in an email on Thursday that the U.S. Securities and Exchange Commission's decision to suspend trading in its Digital Large Cap Fund (GDLC) was "unexpected." The company said the regulator's decision on Wednesday surprised industry observers and showed that the regulatory environment was changing. "While this development was unexpected, it reflects the dynamic and evolving nature of the regulatory environment surrounding first-of-its-kind digital asset products like the GDLC," Grayscale said.
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