The top financial watchdog is going after the ICO market with a wave of subpoenas

REUTERS/Brendan McDermid

• The Securities and Exchange Commission is going after the red-hot market for initial coin offerings, according to the Wall Street Journal. 
•  The financial regulator issued a wave of subpoenas, according to the Journal. 

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The Securities and Exchange Commission is going after the red-hot market for initial coin offerings, according to a report by the Wall Street Journal. 

The Journal reported Wednesday that the SEC issued "scores of subpoenas and information requests" to folks associated with initial coin offering projects. The Journal cited unidentified people familiar with the matter. The SEC declined to comment to the WSJ. 

See the rest of the story at Business Insider

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See Also:

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