The SEC drops the investigation into Bitcoin L2 developer tool Hiro
ChainCatcher news indicates that according to a document released on Friday, the U.S. Securities and Exchange Commission has dropped its three-year investigation into blockchain software developer Hiro Systems (formerly Blockstack), which raised $70 million through token sales from 2017 to 2019.
In a letter to Hiro included in the SEC's enforcement division's document on Friday, it stated: "Based on the information we currently have, we do not intend to recommend that the Commission take enforcement action against Hiro Systems PBC (formerly Blockstack PBC)."
According to the Web3 asset data platform RootData, Hiro builds, deploys, and scales fully expressive smart contract applications on Bitcoin using the Stacks infrastructure.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
