Grayscale Filings Reveal Spat With SEC Over Security Status of | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Grayscale Filings Reveal Spat With SEC Over Security Status of Less Popular Altcoins
Digital asset manager Grayscale filed applications for Stellar (XLM), Zcash (ZEC), and Horizen (ZEN) trusts in June 2022 and then in mid-August 2022. The second filing responded to a query by the Securities and Exchange Commission’s Division of Corporate Finance, questioning Grayscale’s analysis of the coins according to existing securities laws. The filings cast a dubious light on the new trusts as the bear market puts pressure on Grayscale’s other trusts. Grayscale’s cryptocurrency trusts provide investors with easy exposure to digital assets alongside stocks and bonds.
