SEC ends three-year investigation into Bitcoin L2 Stacks and its developer with no enforcement action

The US Securities and Exchange Commission (SEC) has wrapped up its investigation into Hiro Systems, the developer behind Stacks, the layer 2 network built on top of Bitcoin, with no enforcement action, according to a Friday filing. The investigation spanned three years and was focused on whether Stacks tokens in early offerings were securities.Hiro Systems, formerly known as Blockstack, is a... source: https://cryptobriefing.com/sec-ends-investigation-stacks-developer/