“Scores of Subpoenas”: The SEC Begins a Major Probe Into Crypto

[kreslik.news]

The United States Securities and Exchange Commission is beginning an investigation into the cryptocurrency markets at large, according to a Wall Street Journal report on Wednesday.

According to the report, “scores of subpoenas” have been issued by theSECwith the aim of collecting information from firms who deal with cryptocurrency and blockchain technology.

The Wall Street Journal cited unnamed sources who claim that the subpoenas are part of a larger effort that may lead to the legal restructuring of ICOs.

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