The SEC has ended its three-year investigation into Stacks, a prominent Bitcoin layer-2 network, without recommending enforcement action. Hiro Systems, the developer behind Stacks, welcomed the decision, viewing it as a positive step for decentralized technologies. This move is seen as a pivotal moment in crypto regulation, highlighting the need for a regulatory system that supports innovative protocols. The conclusion of this investigation follows another recent SEC decision to drop its probe into Paxos.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
