US SEC launches cryptocurrency probe

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:

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