Cryptocurrencies surge after Grayscale’s legal win over SEC

A federal court has ruled that the Securities and Exchange Commission must reconsider Grayscale's application for a bitcoin ETF, a decision that sent cryptocurrencies soaring. Yahoo Finance Reporter David Hollerith explains how the crypto industry is looking at the ruling, saying "it might be seen as just one minor win”. As for what it means for the SEC, Hollerith says “at this point, the SEC kind of has to go back to the drawing board."