Suing SEC is a Possibility, Says Bitwise Chief Compliance Officer

Suing SEC is a Possibility, Says Bitwise Chief Compliance Officer

Katherine Dowling said in ‘All About Bitcoin’, the CoinDesk TV, that it is about getting answers to some technical questions. 

According to Katherine Dowling, Chief Compliance Officer, suing the SEC, U.S. Securities and Exchange Commission, knowing when the officials rejected the BTC exchange-traded funding filing is possible. 

While speaking to the CoinDesk TV Program ‘All About Bitcoin, Katherine Dowling said that the firm had added an active and positive exchange of ideas with the regulatory agency since it rejected the Bitcoin ETF proposal of Bitwise in 2019. But still, Bitwise is considering legal actions. 

If it goes to court, Bitwise will more likely be following the lead of the sister company CoinDesk, Grayscale Investment. The SEC denied the bitcoin ETF application several weeks ago. The company filed suit in the Federal District Court at an appropriate time in Washington, D.C. 

Regarding any possibility of a Bitwise Lawsuit, Dowling said she would not put it off the table. This kind of litigation is about answering technical queries. 

Katherine Dowling, a former Federal Prosecutor for the U.S. Attorney’s Office, said that she doesn’t think litigation is the most efficient approach. 

However, she also sees litigation as a powerful way crypto players such as Bitwise can have clarity from regulators into their thinking. 

She said that, in her opinion, it is more productive if one can engage in dialogue and determine the obstacles and answer those questions collectively in a productive manner. She also believes that this is not always the approach that will work.