Recently, STX and even the Inscription Ecosystem have started to rebound more or less!
The SEC terminated its three-year investigation into Stacks without taking any action.
Earlier this week, the SEC announced that after a three-year investigation, they would terminate their investigation into the Stacks blockchain (protocol) and Hiro System (a company) and would not take any action.
Stacks conducted its first SEC-qualified offering in 2019. The Stacks ecosystem was decentralized before the mainnet launch in January 2021.
In June 2021, the SEC launched an investigation into Stacks and Hiro. For more than three years, they have worked to explain how the Stacks network works and Hiro's role as a developer tool company.
The SEC gave up the investigation after so much effort. This is the best result that companies in this industry can hope for, but the United States can do better.
We need a regulatory system that meets the needs of innovative open protocol builders. We will continue to work with policymakers and developers to help achieve this goal.
The conclusion of the Stacks survey gives us hope for a bright future for Bitcoin and decentralized technologies for the next generation of the Internet.
