Grayscale Investments has filed a request with the US Securities and Exchange Commission (SEC) to withdraw its registration statement on Form 10 for Grayscale Filecoin Trust. The SEC had requested that Grayscale withdraw the trust's registration statement, stating that Filecoin meets the definition of a security under federal securities laws. However, Grayscale believes that Filecoin is not a security and provided an explanation of its legal basis in response to the SEC staff's comment letter. Despite this, the SEC reiterated its request for withdrawal following naming FIL as a security in certain filings in federal district court.
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