The Securities and Exchange Commission is ramping up investigations into initial coin offerings
The Wall Street Journal reports, citing people familiar with the matter, that the SEC:
- has issued «scores» of both subpoenas and information requests to technology companies and advisers
- Focused in those issuing digital tokens and raising funds in cryptocurrencies.
Subpoenas includes demands for information about the structure for sales and pre-sales of the ICOs. Full piece is here, may be gated: SEC Launches Cryptocurrency Probe
Bitcoin price update … down a little but not a drastic response to this …. errr …. non-bullish news: