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TechCrunch Founder's Crypto Fund Subpoenaed By SEC by contentjunkie

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ico · @contentjunkie ·
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TechCrunch Founder's Crypto Fund Subpoenaed By SEC
<center>https://media.coindesk.com/uploads/2017/07/shutterstock_500014633-SEC.jpg</center>

From Coindesk
<hr>
<blockquote>
The U.S. Securities and Exchange Commission has reportedly subpoenaed the cryptocurrency investment fund launched last year by TechCrunch founder Michael Arrington.

Speaking to CNBC, Arrington confirmed the subpoena, which comes amid what is rumored to be a widening investigation into initial coin offerings (ICOs) by the U.S. securities regulator. It's not entirely clear, however, how wide-reaching the investigation is or when exactly it began.

Still, Arrington's disclosure marks the second public acknowledgment of its kind, coming a day after e-commerce giant Overstock revealed that it had received what it called a "voluntary" document request from the SEC in light of a token sale of its own.

"We received a subpoena. Every [crypto]fund I've talked to has received one," Arrington told the network, going on to say:

"That's fine. They just have to figure out what they want. They need to set up rules so we can all follow them, and the market is begging them for that."
</blockquote>
Read more: https://www.coindesk.com/techcrunch-founders-crypto-fund-subpoenaed-sec/

<hr>

Bad boys, bad boys
Whatcha gonna do, whatcha gonna do
When they come for you?
Bad boys, bad boys
Whatcha gonna do, whatcha gonna do
When they come for you?

<h4>Leave your thoughts in the comments below.</h4>

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vote details (132)
@booster · 
<p>This post has received a 15.15 % upvote from @booster thanks to: @contentjunkie.</p>
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@buildawhale ·
re-contentjunkie-techcrunch-founder-s-crypto-fund-subpoenaed-by-sec-20180306t054446580z
You got a 10.45% upvote from @buildawhale courtesy of @contentjunkie!
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@dizzyjay · 
SEC more like years behind. They dont have the funding or the power to stop these guys, besides as more ico’s spring up its like trying to plug up cheesecloth with water. Cant be stopped. Or as miley cyrus so elegantly stated ‘cant be tamed’ still suprising to see who theyre aiming at first and what kind of moves they are making. Add in a little fud to our already slumped market, a couple more tokens go on sale. And time will pass the cheesecloth will weaken and the floodgates will open.
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@contentjunkie ·
$2.53
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@moniristi · 
Very useful information and thanks for sharing.
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@mysearchisover · 
Uh oh! lol
👍  
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@newageinv · 
Ultimately good news that some clarity should come out of these inquiries as the regulatory environment is still in a grey area.  Guidelines will open the doors to more capital and adoption.
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@steemitqa · 
tsk,tsk
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