Filecoin Foundation: Opposes the SEC's Classification of FIL as Securities

ChainCatcher news, according to CryptoSlate, the Filecoin Foundation has refuted the U.S. Securities and Exchange Commission (SEC)'s claim that its FIL Token is a security in a statement. The Filecoin Foundation describes its blockchain network as "a decentralized, peer-to-peer network for storing files," and emphasizes that FIL is not a security.

The foundation added, "Over the past decade, thousands of people around the world have contributed to this open-source project, including hundreds of organizations and teams built on the network, thousands of storage providers, and 13,000 GitHub contributors." (source link)