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Subpoenas from SEC sign crackdown on preliminary coin choices

The Securities and Change Fee has despatched subpoenas to dozens of individuals and corporations behind the rise of preliminary coin choices, a transparent signal of the company’s need to rein within the well-liked new fundraising methodology.

Over the previous few months, the fee has requested for data from firms which have bought new digital currencies to boost cash for his or her tasks, in addition to advisory companies and attorneys who’ve helped with these gross sales, in response to 4 individuals who have seen a few of the subpoenas. The individuals requested to not be recognized as a result of the subpoenas are a part of confidential authorized negotiations.

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