I hold or use Siacoins to rent cloud storage. What does this settlement mean for me?

Nothing! The SEC did not take any enforcement action regarding Siacoins in their ruling, despite being well informed of how Siacoins are created and used. If you rent, you can still use Siacoins for their intended purpose – renting cloud storage space on the Sia network. If you hold Siacoins, you can still keep them in your wallet or trade them on any supported exchange.

Sia Press Release

SEC-Issued Settlement

Administrative Summary


Waiver Request Letter

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