Always bad news It’s not coming. Now we’ve seen new good news coming from the SEC front. Could it be a precedent for others? Time will tell, but the fact that the altcoin investigation that has been going on for about 3 years has finally been dropped is a morale-boosting event for the medium and long term.
SEC Crypto Investigation
For Hiro, formerly known as Blockstack, which raised $70 million from token sales between 2017 and 2019 SEC investigation dropped. Hiro Systems is breathing easy after a three-year investigation. In a letter sent to the company today, the SEC wrote: A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
“Based on the information we have as of this date, we do not intend to recommend any enforcement action by the Commission against Hiro Systems PBC, formerly known as Blockstack PBC.”
In the early days Blockstack The company, known as Stacks, has released the first version of its network STX It was launched under the name of SEC. Although the SEC defined it as a security at the time, it has now announced that it has ended the investigation with the warning that “it does not mean that the company has been exonerated.” With this decision, STX investors were also relieved of their fear of the SEC.
With the news STX Token price BTC is up 5% despite weakness.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
