Sherman Urges S.E.C. to Investigate Grayscale Investments Situation

Washington, D.C. -- Congressman Brad Sherman (CA-32), former Chairman of the House Financial Services Subcommittee on Investor Protection, called on the Securities & Exchange Commission (S.E.C.) to look at Grayscale Investments' claim that the agency is barring it from letting investors redeem shares for Bitcoin that they deposited into its $17.4 billion trust, known as GBTC.

"Recent actions by Gray Scale Investments have created concerns for thousands of GBTC investors," said Congressman Sherman. "I called for the S.E.C.'s attention to this matter and to help honor our commitment towards investor protection."