The SEC strikes again, claiming Filecoin ($FIL) is a security! What was Grayscale's response? Read more here:
of 1940. If the Filecoin Trust were to register as an investment company, this could hinder its ability to issue securities, among other limitations.
“Grayscale does not believe that FIL is a security under federal securities laws and intends to respond promptly to the SEC staff with an explanation of the legal basis for Grayscale’s position.
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