SEC Issues Subpoenas to Investigate ICOs

 

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Episode #17

The SEC has issued over 80 subpoenas to various companies, which recently issued ICOs, including retail giant Overstock in regards to its TZERO coin.

Although Overstock.com Inc. shares fell 4.4% on the announcement, Bitcoin rapidly regained the 2% drop it initially suffered, to trade steadily above $11,000 at the time of this writing.

Since the incredible run up of Bitcoin in Fall 2017 — and the millions of dollars that have been stolen in exit scams, the SEC has been hinting that it would be following up on the risks that ICOs pose to investors in the crytocurrency markets and the wider economy.

Looks like they’re making good on their promise.