The U.S. Securities and Exchange Commission has reportedly classified Filecoin's FIL token as a security. Grayscale Investments had sought to launch a Filecoin Trust product that would provide investors with indirect exposure to FIL. However, the SEC has informed Grayscale that the application must be withdrawn as FIL is considered a security. This is a developing story and updates will be provided.
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SEC Labels Filecoin's FIL Token as a Security, Grayscale's Trust Application Withdrawn
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