SEC Clears Hiro, Previously Known as Blockstack, in Bitcoin L2 Stacks Probe
Friday, 12 July 2024, 13:19
SEC Investigation Conclusion
The SEC has closed its investigation into Hiro, previously named Blockstack, and its token sales from 2017 to 2019.
Positive Outcome for Crypto Industry
This development is a notable victory for the cryptocurrency industry, showing progress in navigating regulatory hurdles.
The closure of the probe signifies a positive stance from the regulator towards the project, which could bolster investor confidence.
- The SEC dropping the investigation is a positive signal
- Successful token sales history contributes to the favorable decision
- Implications for the broader cryptocurrency sector
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.