US: SEC Official Confirms “Dozens” of Cryptocurrency Probes

The US Securities and Exchanges Commission (SEC) Enforcement Division Co-Director Stephanie Avakian confirmed that the agency is conducting “dozens” of investigations in the cryptocurrency space, Bloomberg BNA reports March 15.

Avakain’s comments follow press reports in late February that the SEC has sent subpoenas to companies suspected of running afoul of securities laws via their involvement in Initial Coin Offerings (ICOs). Avakian said, “We are very active, and I would just expect to see more and more.”

Over the course of the past year, the SEC has ramped up its actions against crypto-related companies it sees as flaunting securities laws. The commission has brought more than half a dozen actions against companies since September 2017, according Bloomberg…

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