SEC Ends Investigation of Bitcoin Layer 2 Project Stacks and Its Developer Hiro

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diamond_2020Legendary
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#1Apr 22, 2017, 10:38 AM
So, the SEC has wrapped up its probe into Hiro, which used to be called Blockstack. They raised around $70 million through token sales between 2017 and 2019. This wrap-up is just another positive outcome for the crypto space, especially after all the back-and-forth with the regulators over the years. This info came from a filing that dropped Friday. Plus, just earlier this week, we heard that the SEC also closed an investigation into Paxos, the stablecoin issuer.
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