TechCrunch co-founder had enough of U.S. uncertainty about crypto regulation
According to the twitter account of TechCrunch co-founder Michael Arrington, he decided to stop token investments in the U.S. and is planning to move his own digital asset management trades outside of America. The reason for such shift decision is recent movements of Securities and Exchange Commission (SEC).
We received a second subpeona from the SEC, again collecting information from us as investors in a U.S. company. The legal costs of dealing with these are not insignificant. We will not invest in any further U.S. deals until the SEC clarifies token rules. Pivot to Asia.
— Michael Arrington (@arrington) September 28, 2018
Earlier it was reported that SEC postponed the decision on VanEck and SolidX bitcoin-ETF and decided to take more time for considering the application for creating ETF from New York companies.
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