Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Nitro Labs launches data anchor to lower the storage costs of Solana

2025-05-21

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21

Trump: 73.64% of investors expect a rally – will they be right?

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»SEC ends years-long investigation into Stacks without recommending further enforcement
SEC ends years-long probe into Stacks without recommending further enforcement
Regulation

SEC ends years-long investigation into Stacks without recommending further enforcement

2024-07-12No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The SEC has closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action, according to a July 12 blog post from the team.

The research, which began more than three years ago, was an important chapter in the history of the Bitcoin Layer-2 network.

STX rose 5.51% to trade at $1.7 at the time of writing, based on CryptoSlate data.

The investigation began after Stacks’ first-ever SEC qualified offering in 2019. The Stacks ecosystem has been decentralized since the launch of its mainnet in January 2021. Shortly thereafter, in June 2021, the SEC’s Enforcement Division launched its investigation into the blockchain and developer Hiro Systems.

Hiro’s vision has been consistently focused on building the next generation of the Internet, where users have unprecedented control and ownership. From the early efforts in creating the first version of the Stacks layer to the current focus on developer tools for Bitcoin builders, this mission has remained steadfast.

For over three years, Hiro diligently complied with all requests for information, striving to explain the inner workings of the Stacks network and Hiro’s role in it. Muneeb Ali, member of the board of directors of Hiro Systems, highlighted the efforts made to cooperate with the SEC.

Ali said:

“We are pleased that the SEC has dropped the investigation after this time and effort. This is the best outcome a company in our industry can hope for, but the US can do better. We need a regulatory system that meets builders of innovative open protocols where they are.”

On July 9, Hiro was informed by SEC staff that the investigation had concluded and that no enforcement action would be recommended. In light of the current regulatory environment in the US, this outcome is considered very favorable for companies in the blockchain space.

See also  Pro-XRP Attorney John Deaton Files an Amicus Brief in Support of Crypto Exchange Coinbase: Report

According to the blog:

“This outcome reaffirms our commitment to regulatory compliance and our mission to support developers building and innovating on Bitcoin. We have significantly developed our developer tools and now include Ordinals, BRC-20s, Runes, Stacks and soon the new sBTC Bitcoin assets.”

The team emphasized their belief in the importance of creating a clear regulatory framework in the US and expressed hope for continued opportunities to shape policies that support the builders of innovative open protocols.

The conclusion of the SEC investigation is seen as a positive sign for the future of Bitcoin and the next generation of the internet, reinforcing Hiro’s commitment to his mission and the broader Stacks ecosystem.

Source link

Ends Enforcement Investigation recommending SEC Stacks yearslong
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hong Kong promotes the Stablecoin legislation that introduces new rules for issuers

2025-05-21

Circle Looking for at least $ 5,000,000,000 for Coinbase Acquisition, possibly Nixing IPO plans: Report

2025-05-21

Russia plans to intervene Crypto in new action against local payments

2025-05-21

According to Senator Hagerty, these crypto entities will be the biggest holders of American treasury in the world

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Why Bitcoin may not be out of the woods yet

2024-01-23

Bitcoin: 3 Major Stories That Could Impact BTC Prices This Week

2024-10-07

Web3 Marketing Startup Spindl Launches an On-Chain Advertising Network

2024-05-22
Editors Picks

Bitcoin Ordinals Buzz Pushes NodeMonkes Market Cap Above Bored Ape NFTs

2024-03-18

What Worldcoin’s latest launch means for WLD prices

2023-12-14

G20 pushes for global crypto regulations to end regulatory arbitrage: Reuters

2023-07-19

Bitcoin Flashing Bullish Turning Signal, according to the trader who has nailed 2024 pre-numbing BTC correction

2025-03-10
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Nitro Labs launches data anchor to lower the storage costs of Solana

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

Trump: 73.64% of investors expect a rally – will they be right?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$109,517.782.54%
  • ethereumEthereum(ETH)$2,567.691.60%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.401.91%
  • binancecoinBNB(BNB)$673.893.67%
  • solanaSolana(SOL)$173.933.53%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2363444.74%
  • cardanoCardano(ADA)$0.773.95%
  • tronTRON(TRX)$0.267820-0.48%
  • suiSui(SUI)$3.932.22%
  • chainlinkChainlink(LINK)$16.112.86%
  • avalanche-2Avalanche(AVAX)$23.243.24%
  • hyperliquidHyperliquid(HYPE)$28.347.40%
  • stellarStellar(XLM)$0.2942952.52%
  • shiba-inuShiba Inu(SHIB)$0.0000152.18%
  • hedera-hashgraphHedera(HBAR)$0.1977211.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.11%
  • bitcoin-cashBitcoin Cash(BCH)$411.054.60%
  • the-open-networkToncoin(TON)$3.111.32%
  • polkadotPolkadot(DOT)$4.751.50%
  • litecoinLitecoin(LTC)$97.523.28%
  • moneroMonero(XMR)$391.6411.78%
  • bitget-tokenBitget Token(BGB)$5.241.85%
  • piPi(PI)$0.8410.60%
  • pepePepe(PEPE)$0.0000143.83%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$450.788.96%
  • uniswapUniswap(UNI)$6.314.70%
  • aaveAave(AAVE)$249.00-3.36%
  • nearNEAR Protocol(NEAR)$2.882.57%
  • aptosAptos(APT)$5.303.23%
  • okbOKB(OKB)$52.390.35%
  • ondo-financeOndo(ONDO)$0.984.43%
  • kaspaKaspa(KAS)$0.1114921.50%
  • ethereum-classicEthereum Classic(ETC)$19.124.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.441.46%
  • internet-computerInternet Computer(ICP)$5.382.48%
  • gatechain-tokenGateToken(GT)$21.891.72%
  • crypto-com-chainCronos(CRO)$0.0980051.59%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2431965.37%
  • vechainVeChain(VET)$0.0293053.05%
  • mantleMantle(MNT)$0.74-0.57%
  • render-tokenRender(RENDER)$4.803.67%
  • ethenaEthena(ENA)$0.4040526.75%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.4125564.74%
  • algorandAlgorand(ALGO)$0.2305723.16%
  • filecoinFilecoin(FIL)$2.974.00%
  • bitcoinBitcoin(BTC)$109,517.782.54%
  • ethereumEthereum(ETH)$2,567.691.60%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.401.91%
  • binancecoinBNB(BNB)$673.893.67%
  • solanaSolana(SOL)$173.933.53%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2363444.74%
  • cardanoCardano(ADA)$0.773.95%
  • tronTRON(TRX)$0.267820-0.48%
  • suiSui(SUI)$3.932.22%
  • chainlinkChainlink(LINK)$16.112.86%
  • avalanche-2Avalanche(AVAX)$23.243.24%
  • hyperliquidHyperliquid(HYPE)$28.347.40%
  • stellarStellar(XLM)$0.2942952.52%
  • shiba-inuShiba Inu(SHIB)$0.0000152.18%
  • hedera-hashgraphHedera(HBAR)$0.1977211.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.11%
  • bitcoin-cashBitcoin Cash(BCH)$411.054.60%
  • the-open-networkToncoin(TON)$3.111.32%
  • polkadotPolkadot(DOT)$4.751.50%
  • litecoinLitecoin(LTC)$97.523.28%
  • moneroMonero(XMR)$391.6411.78%
  • bitget-tokenBitget Token(BGB)$5.241.85%
  • piPi(PI)$0.8410.60%
  • pepePepe(PEPE)$0.0000143.83%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • bittensorBittensor(TAO)$450.788.96%
  • uniswapUniswap(UNI)$6.314.70%
  • aaveAave(AAVE)$249.00-3.36%
  • nearNEAR Protocol(NEAR)$2.882.57%
  • aptosAptos(APT)$5.303.23%
  • okbOKB(OKB)$52.390.35%
  • ondo-financeOndo(ONDO)$0.984.43%
  • kaspaKaspa(KAS)$0.1114921.50%
  • ethereum-classicEthereum Classic(ETC)$19.124.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.441.46%
  • internet-computerInternet Computer(ICP)$5.382.48%
  • gatechain-tokenGateToken(GT)$21.891.72%
  • crypto-com-chainCronos(CRO)$0.0980051.59%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2431965.37%
  • vechainVeChain(VET)$0.0293053.05%
  • mantleMantle(MNT)$0.74-0.57%
  • render-tokenRender(RENDER)$4.803.67%
  • ethenaEthena(ENA)$0.4040526.75%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.4125564.74%
  • algorandAlgorand(ALGO)$0.2305723.16%
  • filecoinFilecoin(FIL)$2.974.00%