Strategy turns MSCI’s own SEC words against its $24 billion MSTR threat
Strategy has challenged MSCI's proposed “non-operating company” screen by tying it to a regulatory argument MSCI made four years ago in a letter shared on Aug. 31. The Bitcoin treasury company says the new methodology requires MSCI to judge whether Bitcoin belongs inside an operating business. That puts MSCI's 2022 defense to the Securities and […] The post Strategy turns MSCI’s own SEC words against its $24 billion MSTR threat appeared first on CryptoSlate.
Key Takeaways
- Strategy has challenged MSCI's proposed “non-operating company” screen by tying it to a regulatory argument MSCI made four years ago in a letter shared on Aug.
- The Bitcoin treasury company says the new methodology requires MSCI to judge whether Bitcoin belongs inside an operating business.
- That puts MSCI's 2022 defense to the Securities and […] The post Strategy turns MSCI’s own SEC words against its $24 billion MSTR threat appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Cango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss
Cango scaled back its mining fleet in the second quarter as revenue fell and the company focused on efficiency.
Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.
Robinhood's new crypto network is printing cash, and it's sending Arbitrum's token soaring
Revenue on Robinhood Chain hit a 24-hour record of $1.9 million, driving a 30% rally in ARB as traders chased downstream gains.