Grayscale says SEC's suspension of its Digital Large Cap Fund trading was "unexpected"

According to Jinse Finance, crypto asset management firm Grayscale stated in an email on Thursday that the U.S. Securities and Exchange Commission (SEC) decision to suspend trading of its Digital Large Cap Fund (GDLC) was “unexpected.” The company noted that the regulator’s decision on Wednesday surprised industry observers and signals a shift in the regulatory landscape. Grayscale said, “While this development was unexpected, it reflects the dynamic and constantly evolving nature of the regulatory environment surrounding pioneering digital asset products like GDLC.”