subpoena

Tag Archives — subpoena

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.

Tether Rumors Resurface After Subpoena Makes Headlines

 

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Episode #9

Rumors about Tether (USDT) has again started to swirl last week, following articles from several news outlets that Bintfinex and Tether had been issued a subpoena by the United States Commodity Futures Trading Commission (CFTC).

It was later disclosed that the subpoena was actually issued on December 6, 2018 and, according to Bitcoin.com, “approximately 34.5% of all USDT created were produced after Tether had received the subpoena from the CFTC.”

Although some have their doubts as to whether USDT has propped up bitcoin and other cryptos, several experts expressed views in favor of the USDT coin and its role in creating transparency in the market. To them, the fact that the Tether is still operating 2 months later, is a clear and positive signal.

You can be the judge with your own dollars.