Grayscale Investments filed a confidential draft registration statement for an IPO with the SEC, coinciding with “Crypto Week” in the House where bills on U.S. crypto policy are advancing. The filing positions Grayscale to benefit from clearer crypto rules amid a surge in Bitcoin and Ethereum prices.
The IPO filing by Grayscale Investments did not disclose share numbers or price range. The move comes as Bitcoin hit over $120,000 and Ethereum near $3,020. Grayscale faces regulatory challenges, including a recent dispute with the SEC over its Digital Large Cap Fund ETF approval.
Grayscale updated its crypto products list, exploring assets like Aptos and Toncoin. A 2022 lawsuit against the SEC led to spot Bitcoin ETFs. The firm’s legal victory paved the way for the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act advancing through House votes this week.
The three bills aim to reshape crypto regulation, addressing stablecoin frameworks, SEC oversight of digital assets, and prohibiting a CBDC from the Federal Reserve. The legislation would impact the crypto industry and Grayscale’s future operations.
Read more at Yahoo Finance: Grayscale Files IPO Registration as Bitcoin Tops $120,000