"It was a nasty piece of business."
That's how one industry lawyer described a subpoena he saw in January from the Securities and Exchange Commission (SEC), part of the agency's months-long probe into the nascent crypto fundraising mechanism, initial coin offerings (ICOs).
The roughly 25-page document, the lawyer said, was "hyper-detailed," asking for "every bit of communication around the token launch."
But while large financial institutions have the resources and procedures to handle such requests as a matter of course, complying would be a tall order for a startup.
The lawyer said:
"For any normal person trying to respond, it would be hellish."
https://www.coindesk.com/sec-ico-probe-underway-stories-conflict-extent-sweep/
Topic: [2018-03-01] SEC ICO Probe Underway, But Stories Conflict on Extent of Sweep (Read 86 times)
March 01, 2018, 03:56:23 AM
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