Bitcoin slipped about 2 percent following a report that the US Securities and Exchange Commission (SEC) is investigating the digital currencies market.
The SEC is getting up close and personal with companies that have raised ICOs, according to a new report.
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According to the Wall Street Journal the SEC has issued subpoenas and information requests to several companies that have issued an Initial Coin Offering (ICO) recently.
"To me, people overreact to the blanket SEC investigation and they should focus on the successful presale of the ICO", said Marc Cohodes, an independent investor and long-time short seller who announced his positive turn on the stock in the fall.
A "dramatic upturn in enforcement activity" can be expected, stated the Journal, and at least a dozen ICOs have been put on hold since the SEC probe began.
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Ms Le Pen has been charged along with Gilbert Collard, a 70-year-old lawyer and MP with close links to Ms Le Pen's party. Authorities started an investigation into the social media posts in 2015, shortly after Le Pen wrote them.
The reason for this distinction, according to Cammarata, goes back to a conversation the regulator had had with executives at Overstock about the company's decision to file the token issuance as a Reg. D exemption according to SEC guidance.
In February 2018, the Division of Enforcement of the SEC informed the Company that it is conducting an investigation in the matter Re: Overstock.com, Inc. "There should be no misunderstanding about the law". "When investors are offered and sold securities - which to date ICOs have largely been - they are entitled to the benefits of state and federal securities laws and sellers and other market participants must follow these laws".
Clayton also addressed exchange-traded funds (ETFs) in cryptocurrency. During an address to the US Senate, Clayton said that the majority of ICOs have been securities.
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Export orders grew 3.0 points to 62.8, indicating growth for the twenty-fourth consecutive month. The new orders index eased to 64.2 from 65.4; order backlogs climbed to 59.8 from 56.2.