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Security Token: the SEC rejects the Grayscale Filecoin Trust

en.cryptonomist.ch

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.

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Bitcoin FIL
$ 6.221

Timeline of Filecoin


SEC categorizes filecoin as security; Grayscale faces regulatory challenge - Crypto news

Greyscale has now fallen into te SEC's radar after the watchdog made an move on filecoin which could affect Grayscale filecoin trust. According to the SEC filecoin can be regarded as a security.


Filecoin Under the Scanner: Grayscale Investors Alarmed by SEC's Security Classification - Coinnounce

The SEC's recent classification of Filecoin as a security has raised eyebrows among Grayscale investors and the wider crypto market. This development adds a new twist to the ongoing debate about the regulatory status of cryptocurrencies, potentially influencing future regulatory decisions.


FIL Up 3% Despite the US SEC Calling Filecoin A Security | Coingape - Coingape

FIL, the native cryptocurrency of the decentralized storage system Filecoin is up by 3% over the last 24 hours and is currently trading at $4.61 with a market cap of $1.9 billion. The recent up move in FIL comes despite the U.S. Securities and Exchange Commission (SEC) calling Filecoin a security.


SEC Ramps Up Regulatory Action, Rules Filecoin's Token A Security - Benzinga

The Securities and Exchange Commission (SEC) announced on Wednesday that it considers Filecoin's token (CRYPTO: FIL) a security. What Happened: This decision comes after Grayscale Investments launched its Grayscale Filecoin Trust in March 2021, providing investors with indirect exposure to FIL.


SEC clarifies Filecoin's FIL token as security, Greyscale pushes back - Cryptopolitan

The world of digital currencies has been hit with another shockwave as the U.S. Securities and Exchange Commission (SEC) enters yet another dispute over the classification of a major cryptocurrency.


SEC deems Filecoin a security, asks Grayscale to withdraw trust registration - CryptoSlate

Grayscale said May 17 that the U.S. Securities and Exchange Commission (SEC) asked it to withdraw the registration statement for its Filecoin Trust. The SEC told Grayscale that Filecoin's FIL token meets the definition of a security under the relevant laws.


Filecoin price analysis: FIL consolidates with clear bearish pressure at $4.42 - Cryptopolitan

The latest assessment of the Filecoin price analysis indicates a bearish trend as the cryptocurrency faces yet another decline. Following a downward trajectory for two days, the price has now dropped to $4.42.


Filecoin price prediction as it moves to challenge AWS, Azure - Invezz

Filecoin (FIL) price has come under pressure in the past few weeks as concerns about the platform continues. FIL dropped to a low of $5.26, which is about 44% below the highest point this year.


Filecoin Price Analysis: FIL resurges at $5.30 as bullish impulse returns - Cryptopolitan

The recent Filecoin price analysis shows that the asset has been on a bullish impulse as its price surged by 0.59% over the past 24 hours to hit $5.30 at press time. The past few hours have been highly encouraging for the buyers, as the price glided past the $5.20 support level with relative ease.


Filecoin price analysis: FIL/USD face strong resistance at the $5.60 level - Cryptopolitan

The latest Filecoin price analysis shows an uptrend in the price action for the FIL/USD pair, with prices rising from around $5.45 all the way up to the $5.66 level. FIL opened its trading session at the $5.64 level before the bears took control pushing the price down to the current level of $5.

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