The SEC just lost BIG + Claim a FREE Lens Profile

Read the latest dispatch from the Coinage newsroom

Quiz: Why did Bitcoin just do this? 

Answer: A federal judge just ruled against the SEC, ordering it to vacate its rejection of an application from asset manager Grayscale for a spot-Bitcoin ETF. While this ruling doesn’t mean the application is automatically approved, it has renewed hopes across the crypto industry that the SEC’s longstanding practice of denying spot-crypto ETFs (though it has approved Bitcoin futures ETFs) could be reversed through legal action.

Both parties have 45 days to appeal, in which circumstance there’s a possibility of the case going before the Supreme Court. But clearly crypto fans feel pretty great about this ruling. 

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The Latest from Coinage

Earlier today, we hosted an X Space with Stani Kulechov, founder of AAVE and the Web3 social graph protocol Lens. Stani gave us the rundown on the current state of DeFi and Web3, and even surprised us with a gift — any Coinage Caucus Membership Pass holders on record as of August 29 at 11:59 EST will be able to claim a Lens profile for FREE! Don’t have a Coinage Caucus NFT? Subscriber NFT holders can upgrade now and mint at a discounted price.  

Also, today we released our latest episode. SBF is in the hot seat, but his trial has taught us lots about his greatest rival — CZ, the head of Binance. So just how different are SBF, FTX, CZ, and Binance? And could trouble be on the horizon for Binance? If you think you can handle all those acronyms, and some terrifying AI deepfakes, check out our latest episode. 

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That’s all from us today!

If you haven’t heard, Coinage is expanding from the show you know and love to an entire media operation, posting and curating news on our site. If you have a membership pass, you can even help us out by submitting stories you’d like to see included in our coverage.