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SEC issues subpoena to influencers promoting HEX, Pulsechain and PulseX
Over several years, social media influencers have earned a bad rep among regulators for shilling risky and unvetted tokens to millions of investors. Pursuing a crackdown on such scenarios, the U.S. Securities and Exchange Commission (SEC) reportedly issued a subpoena to influencers who were found promoting cryptocurrencies such as HEX, Pulsechain and PulseX. Swedish researcher Eric Wall shared an official letter from the SEC dated Nov. 1, which was addressed to influencers. It read: “We believe that you may possess documents and data that are relevant to an ongoing investigation being conducted by the staff of the United States Securities and Exchange Commission.” He further challenged those who claimed that the subpoena was fake, stating: “Hexicans: time to post the unblurred versions here. Are you using secret chats with self-destruct timers? However, Wall maintains that he has no respect for the SEC and that he’s just sharing the information. Source - Coin Telegraph #Altcoin #Investments #SEC #Social Media #Regulation #Investigation
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