Freedom of Information Request on BitConnect rejected

Blockchain North America United States

A Freedom of Information Request (FOIA) on the BitConnect cryptocurrency investment scheme has been denied by the U.S. Securities and Exchange Commission (SEC) on the basis of an exemption, typically used in connection to data tied with law enforcement.

Florida lawyer David Silver who filed the FOIA has previously received a similar rejection letter to his FOIA on the Tezos blockchain project. His latest request was filed as part of legal services he provides to BitConnect. While the rejection letter doesn’t specifically confirm the existence of an investigation, Silver said that the Commodity Futures Trading Commission (CFTC) had been in touch with him which, according to him, proves that an inquiry in deed underway.

 

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Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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