{"id":66383,"date":"2022-08-28T10:14:11","date_gmt":"2022-08-28T07:14:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66383"},"modified":"2025-09-07T01:01:27","modified_gmt":"2025-09-06T22:01:27","slug":"grayscale-does-not-rule-out-classifying-zcash-stellar-and-horizen-as-securities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/grayscale-does-not-rule-out-classifying-zcash-stellar-and-horizen-as-securities\/","title":{"rendered":"Grayscale does not rule out classifying Zcash, Stellar and Horizen as securities"},"content":{"rendered":"

Analysts at Grayscale Investments have acknowledged that the cryptocurrencies Zcash (ZEC), Stellar (XLM) and Horizen (ZEN) may be classified as securities. CoinDesk reports, citing the organisation’s documents.<\/p>\n

According to the report, Grayscale was contacted by staff from the corporate finance and enforcement divisions of the SEC<\/span>. Their inquiry concerned an analysis of the company’s investment products based on ZEC, XLM and ZEN within the framework of securities law.<\/p>\n

According to CoinDesk’s documents, Grayscale acknowledged that each of these assets “may currently be a security” or “may in the future be deemed a security by the SEC or a federal court”.<\/p>\n

The papers disclosed by the publication cover May\u2013August 2022. In earlier documents, the company stressed that the regulator had not provided guidance on the classification of the assets in question.<\/p>\n

As of 26 August 2022, the combined assets under management of the Zcash Trust, Stellar Lumens Trust and Horizen Trust were valued at $39.11 million. For comparison, the largest of the group’s trusts \u2014 Bitcoin Trust \u2014 $13.14 billion.<\/p>\n

\"Grayscale
Data: Grayscale<\/a>.<\/figcaption><\/figure>\n

Grayscale Investments and CoinDesk are part of Barry Silbert’s Digital Currency Group.<\/p>\n

In July, U.S. authorities arrested former Coinbase product manager Ishan Wahi. He was charged<\/a> with insider trading.<\/p>\n

The SEC also filed against the suspect a lawsuit with similar arguments, but stressed that it concerns securities fraud<\/a>.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Grayscale Investments have acknowledged that the cryptocurrencies Zcash (ZEC), Stellar (XLM) and Horizen (ZEN) may be classified as securities.<\/p>\n","protected":false},"author":1,"featured_media":66384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[943,837,243,202],"class_list":["post-66383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-grayscale-investments","tag-horizen","tag-stellar","tag-zcash"],"aioseo_notices":[],"amp_enabled":true,"views":"80","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66383"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66383\/revisions"}],"predecessor-version":[{"id":66385,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66383\/revisions\/66385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66384"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}