Short News View Non-AMP

Grayscale Buys $43M LINK as SEC Signals Clearer Crypto Rules

Published by
Sohrab Khawas

Grayscale Investments has quietly accumulated about 5.258 million LINK worth roughly $43 million, even as the token trades nearly 70% below last year’s high. The move comes as the U.S. Securities and Exchange Commission hires a former deputy general counsel from Chainlink Labs following the departure of Gary Gensler.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Trump Says Crypto Figures ‘Lucky’ as US Fights China Over Crypto Dominance

US President Donald Trump has affirmed his support for crypto figures and the industry at…

July 7, 2026

Is XRP Really ‘Nothing’? Exclusive: What Hayes and Hoskinson Are Missing About Ripple

Arthur Hayes called XRP "absolutely nothing" last week. Charles Hoskinson took a swipe at Ripple…

July 7, 2026

Bitcoin Price Rallies Despite Strategy Selling 3,588 BTC—Was the Event Already Priced In?

Bitcoin (BTC) price remained resilient after a recent event that appeared as a bearish catalyst.…

July 6, 2026

Can Tokenized Stocks Become a $3 Trillion Market? Securitize CEO Reveals Big Expansion Plan

The tokenized real-world asset (RWA) market continues to grow as more Wall Street firms move…

July 6, 2026

Major Staking Upgrades Live on Polkadot Today: Is DOT Price Set To Rise Over $1 Now?

The DOT price has spent months looking like a forgotten corner of the crypto market.…

July 6, 2026

Monad Price Jumps 29% After Metamask Integration as DeFi Activity Surges

The Monad price is finally showing signs of life this week. After spending entire June…

July 6, 2026