The U.S. Securities and Exchange Commission (SEC) has defined Filecoin (FIL) as a security and has asked Grayscale to withdraw its Filecoin Trust application.
U.S. regulatory authorities on the cryptocurrency sector harsh interventions continues. Finally, one of the world’s largest crypto investment companies by the SEC to grayscale In a letter sent to Filecoin under federal securities laws is a security specified.
Accordingly, the SEC Filecoin Trust‘s registration statement to withdraw immediately demanded.
A letter sent to our company by the SEC provided the view that the trust’s core asset, the FIL, meets the definition of a security under federal securities laws.
According to sources familiar with the matter, Grayscale is under the FIL’s federal securities laws. movable value doesn’t believe it is. Citing Grayscale’s legal grounds Expected to take moves against SEC.
Grayscale to register Filecoin trust shares 14 April 2023 filed a registration statement with the SEC. This reaction from the SEC about 1 month later Volatile movements in FIL price triggered.
According to CoinGecko data, in the last 24 hours 2.8% rising FIL, coming from the SEC front with the effect of news yesterday evening 4.3% down $4.6 from the level $4.4 declined. FIL, at the time of writing from $4.55 is being traded.