The U.S. Securities and Exchange Commission has reportedly subpoenaed the cryptocurrency investment fund launched last year by TechCrunch founder Michael Arrington.
Speaking to CNBC, Arrington confirmed the subpoena, which comes amid what is rumored to be a widening investigation into initial coin offerings (ICOs) by the U.S. securities regulator. It's not entirely clear, however, how wide-reaching the investigation is or when exactly it began.
Still, Arrington's disclosure marks the second public acknowledgment of its kind, coming a day after e-commerce giant Overstock revealed that it had received what it called a "voluntary" document request from the SEC in light of a token sale of its own.
"We received a subpoena. Every [crypto]fund I've talked to has received one," Arrington told the network, going on to say:
https://www.coindesk.com/techcrunch-founders-crypto-fund-subpoenaed-sec/
