SEC warns that Filecoin ‘meets definition of a security’ — Grayscale By Cointelegraph
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The United States Securities and Exchange Commission (SEC) has asked Grayscale Investments to pull its application for a Trust, warning that its underlying asset, Filecoin (FIL), can be seen as a security.
According to a May 17 announcement from Grayscale, the firm initially lodged a Form 10 application with the regulator to launch an updated Filecoin Trust product on April 14.
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The United States Securities and Exchange Commission (SEC) has asked Grayscale Investments to pull its application for a Trust, warning that its underlying asset, Filecoin (FIL), can be seen as a security.
According to a May 17 announcement from Grayscale, the firm initially lodged a Form 10 application with the regulator to launch an updated Filecoin Trust product on April 14.
Continue Reading on Coin Telegraph
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