GBTC LAWSUIT
LATEST UPDATES
On June 29, 2022, Grayscale Senior Legal Strategist, former U.S. Solicitor General, and partner at Munger, Tolles & Olson, Donald B. Verrilli, Jr. filed a petition for review with the United States Court of Appeals for the District of Columbia Circuit on behalf of Grayscale — the first step in a litigation process to contest the Securities and Exchange Commission’s (SEC) decision on our proposal to convert Grayscale Bitcoin Trust (BTC) to a spot Bitcoin ETF*.
The appellate phase of the litigation process – including initial filings, briefings, oral arguments, and a final court decision – can typically take about a year, but could be shorter or longer. We intend to update this web page to keep our investors and partners apprised of various litigation milestones and information.
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APPELLATE PHASE TIMELINE
June 29, 2022
The SEC denies Grayscale’s application to convert GBTC to an ETF.
June 29, 2022
August 17, 2022
October 11, 2022
Grayscale Brief due date
October 18, 2022
Grayscale Amicus Brief due date
November 9, 2022
SEC Brief due date
November 30, 2022
Grayscale Reply Brief due date
December 21, 2022
Final Brief’s due date
Latin for “friend of the court”, briefs from interested third parties arguing why the court should or should not rule in our favor.
Amicus Briefs in support of Grayscale
Amicus Briefs In Support of the SEC
Litigation Filings
- Briefing Schedule (8/30/2022)
- Petitioner's Unopposed Motion to Extend Time to File Opening Brief (8/29/2022)
- Certificate Describing the Documents in the Record Before the SEC (8/15/2022)
- Certificate As To Parties, Rulings, And Related Cases (8/1/2022)
- Agency Docketing Statement (8/1/2022)
- Statement Of Intent To Utilize Deferred Joint Appendix (8/1/2022)
- Petitioner’s Statement Of Issues To Be Raised (8/1/2022)
- Underlying Decision From Which Petition Arises (8/1/2022)
- Disapproval Order (SEC Release No. 34–95180) (7/6/2022)
- Scheduling Order (7/1/2022)
- Petition For Review (6/29/2022)
Blogs & Press
- Q&A: Our Lawsuit Against the SEC (7/6/2022)
- The SEC is shunning Bitcoin opportunity: Grayscale CEO (7/6/2022)
- Grayscale CEO breaks down lawsuit against SEC over rejected bitcoin ETF (6/30/2022)
- Grayscale Investments® Initiates Lawsuit Against the SEC (6/29/2022)
- The SEC’s Decision on GBTC (6/29/2022)
- What People Are Saying About a Spot Bitcoin ETF (6/24/2022)
- A Conversation with Don Verrilli (6/23/2022)
