Grayscale Investments said that Securities and Exchange Commission staff believe Filecoin meets its definition of a security.
The Securities and Exchange Commission (SEC) has considered Filecoin a security. However, the SEC has requested that Grayscale withdraw its notice of registration for the Filecoin Trust.
Filecoin Attitude Notable From SEC
The Securities and Exchange Commission replied in a comment letter to Grayscale Investments that Filecoin “believes that it meets the definition of a security under federal securities laws.”
Grayscale used the following statements in his statement:
The SEC also requested that Grayscale’s notice of registration for Filecoin Trust be withdrawn.
The views of staff at the SEC do not reflect the commission’s official stance. Commissioners vote on sanctions actions based on recommendations provided by staff.
In addition to his explanation, Grayscale wrote: