According to Coindesk, the SEC has charged a Bitcoin L2 Stacks Developer who raised $70 million from token sales from 2017 to 2019. It closed a three-year investigation into Hiro Systems (formerly Blockstack).
The outcome of the investigation marks another victory in the cryptocurrency industry’s years-long battle with the regulator.
In his letter to SEC Hiro, “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 Blockstack PBC).” said.
What is Hiro Systems (formerly Blockstack)?
Hiro makes tools for developers to build applications on Stacks, a layer-2 blockchain that supports Bitcoin.
Blockstack, 2018’de Stacks the first version of the chain, the token bearing his name (STX) had launched it on the market.
After the SEC dropped its investigation Stacks (STX) The price increased by 4.3%.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and Youtube Follow our channel now! Also Android ve IOS Download our apps and start tracking live prices now!
Source: https://www.bitcoinsistemi.com/sec-bu-altcoine-yonelik-sorusturmasini-kapatti-fiyat-yukselise-gecti/
