Tensions continue between U.S. Rep. Warren Davidson and SEC Chairman Gary Gensler following Grayscale's victory in court against the agency. 🏛️ Davidson believes that the court's decision in favor of Grayscale confirms the "arbitrariness and capriciousness" of Gensler's actions. 🎭

Industry stakeholders and the crypto community believe that the SEC's approach to regulating the crypto industry is doing more harm than good to retail investors. 📉

Grayscale's victory does not guarantee approval of an application to create a Bitcoin-based fund, however, there is hope that such a fund can be created in the United States. 🇺🇸