According to a media report released on Sunday, the U.S. Securities and Exchange Commission (SEC) has reportedly issued a subpoena to influencers who were found promoting crypto coins, such as HEX, PulseChain, and PulseX.
Over the weekend, Swedish researcher Eric Wall shared an official letter from the SEC dated November 1, which was addressed to the influencers. The letter said the influencers might possess documents and data relevant to an ongoing investigation conducted by the SEC staff.
The regulator accompanied the letter with a subpoena that was issued as part of the investigation, which demanded the influencers in question produce the required documents by November 15.
In recent years, the world has seen the rise of crypto influencers – individuals who use their social media platforms to promote cryptocurrencies and blockchain-based projects.
There is no doubt that crypto influencers have the potential to reach a vast…
