The Daily: SEC drops another probe, ZAP reaches $100 million valuation, ETFs five-day inflow streak and more | Headlines | News

The Daily: SEC drops another probe, ZAP reaches $100 million valuation, ETFs five-day inflow streak and more | Headlines | News | CoinMarketCap

07/13/2024 01:24

It's Friday! In today's Daily, the SEC drops another probe, this time into Hiro's Stacks blockchain. Plus, some firms may escape the …

The Block Crypto News6 minutes ago

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Published on July 12, 2024 18:17 GMT+00:00edited on July 12, 2024 18:19 GMT+00:00

It's Friday! In today's Daily, the SEC drops another probe, this time into Hiro's Stacks blockchain. Plus, some firms may escape the agency's controversial crypto accounting bulletin, ZAP reaches a $100 million valuation and more.

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SEC drops its probe into Hiro's Stacks

Another day, another dropped SEC crypto investigation, this time into Hiro's Stacks, a Bitcoin scaling layer for smart contracts, according to a regulatory filing posted on Friday.

In a Form 1-U filing that companies use to report material changes, Hiro said it was informed on July 9 that the SEC had concluded its investigation into Stacks and staff do not intend to recommend enforcement action against the developer.