SEC ruling overturned: The Washington D.C. Supreme Court ruled that the SEC’s rejection of Grayscale’s Bitcoin ETP application was unlawful. This landmark decision highlights growing tensions between regulatory bodies and the crypto sector, impacting how future cryptocurrency products might navigate legal challenges.

Ongoing regulatory hurdles: Despite the court’s ruling, SEC Commissioner Caroline Crenshaw voted against Grayscale’s application again, indicating persistent regulatory challenges. Paul Grewal of Coinbase pointed out this decision’s political implications, urging lawmakers to consider crypto voters’ perspectives, especially with the 2026 elections nearing.