Under the investigation of the SEC came the founder of TechCrunch Michael Arrington

Under the investigation of the SEC came the founder of TechCrunch Michael Arrington


One of the representatives of the cryptocurrency industry, who fell under the large-scale investigation of the Securities and Exchange Commission (SEC) regarding the ICO sphere, was the founder of the online edition of TechCrunch Michael Arrington.

Receiving the agenda with the invitation to “talk” Michael Arrington confirmed in a CNBC comment.

“We received a summons. All the crypto funds with which I spoke also got agendas. It’s all right. They just [SEC] should decide what they want. They must establish rules that we could follow, and the market simply begs them about it,” he said.

In November of last year, Arrington announced the launch of the hedge fund Arrington XRP Capital, for which he intended to raise $ 100 million. In addition, he invested in several projects, including the developer of the decentralized Internet browser Blockstack, and also acted as an adviser to the marketplace for real estate Propy. Through the intermediation of Propy Arrington in September 2017 acquired for Ethereum an apartment in Kiev.

Arrington himself, however, clarified the situation by writing that he received the summons as a private individual, and we are talking about the company he invested in the summer of last year. At the same time, the businessman says, he did not mention it publicly anywhere.

“It’s annoying, but not nearly as crazy as this article is trying to present,” Arrington said, citing CNBC’s news that the agenda was addressed to Arrington XRP Capital.

In February, Michael Arrington broke out a series of critical tweets to the SEC, but later removed them. Screenshots of his statements, however, are preserved.

Recall, March 1, it became known about the large-scale investigation of the SEC in relation to representatives of the ICO industry. The Office considers tokens as securities and believes that many organizations that completed the ICO violated federal legislation.

As far as we know, about 80 companies and individuals came under investigation. The first who confirmed the receipt of the agenda were representatives of the company Overstock, Patrick Bern, who is currently conducting the ICO project tZero.

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