Grayscale Ruling Becomes Final After SEC Declines Appeal and Court Issues Mandate
After the SEC allowed the appeal deadline to pass, the D.C. Circuit issued its formal mandate in the Grayscale case on October 23.
After the SEC allowed the appeal deadline to pass, the D.C. Circuit issued its formal mandate in the Grayscale case on October 23. The August opinion remained the substantive legal victory; October marked the procedural finality that returned the application to the SEC for reconsideration.
The practical Bitcoin channel was direct spot Bitcoin ETF legal process. The measure or case operated through law, licensing, custody, trading, or compliance rather than changing Bitcoin's protocol; where allegations or proposals were involved, they remained allegations or proposals at this stage.
The Bitcoin connection ran through spot Bitcoin ETF legal process. The October procedural steps made the August Grayscale judgment final and returned the conversion proposal to the SEC, tightening the legal pathway toward the January 2024 spot ETF decisions.