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

Well, folks, in a quiet corner of the financial world, Grayscale Investments is at it again-scooping up a solid chunk of LINK, a whopping 5.258 million tokens, valued at a cool $43 million. You’d think they’d be out there looking for the next big thing, but no, they’ve set their sights on a token that’s still wallowing about 70% below the high from last year. A real bargain, if you ask me. It’s almost like buying a used car that’s been sitting in the yard for a year-sure, it’s a bit dusty, but hey, the price is right.

And in case you were wondering, this news comes on the heels of some drama at the U.S. Securities and Exchange Commission. They’ve gone and hired a former deputy general counsel from Chainlink Labs. Guess the SEC’s been doing a little housecleaning since Gary Gensler made his exit. Someone had to make sense of the crypto jungle, after all. But who knew it would be someone from the very heart of the chaos?

But hey, maybe Grayscale’s just ahead of the game. Or maybe they’re just rolling the dice. Either way, the SEC’s clear stance on crypto is now as uncertain as ever-but at least someone’s buying up the scraps while the market’s down. Just a thought for all you crypto enthusiasts and dreamers still hoping for a miracle bounce-back.

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2026-02-24 14:32