The US Securities and Exchange Commission (SEC) is back on the attack on the security token front, this time rejecting the Grayscale Filecoin Trust’s application for registration.
The motivation is the recognition of FIL as a security.
The case of the Grayscale Filecoin Trust rejected by the US SEC
The battle of the US Securities and Exchange Commission (SEC) to regulate crypto continues. This time it was the turn of Filecoin (FIL), defined by the agency as a security.
Disclosing the news was Grayscale Investment itself, the world’s largest digital currency asset manager, which had its application to register the Grayscale Filecoin Trust rejected by the SEC.
Basically, two days ago, the US SEC reportedly sent a comment letter from its staff stating that the Trust’s underlying asset, namely crypto Filecoin (FIL), meets the definition of security.
Therefore, Grayscale should have promptly withdrawn the registration statement.
As the crypto-asset management company proceeds
We współpracy z: https://en.cryptonomist.ch/2023/05/18/security-token-sec-rejects-filecoin/
