United States watchdog, the Securities and Exchange Commission (SEC) has been on the trail of many crypto influencers, investors, founders, and their crypto projects. The U.S SEC has not backpedaled on its pursuit of these digital assets industry players instead, it has continued to hunt them to the point of issuing court summons.
The latest is the news going around about several HEX influencers who have been subpoenaed by the watchdog.
According to a tweet by popular crypto evangelist Eric Wall, “GUYS. IT’S HAPPENING. Hexicans influencers are getting subpoenaed by the SEC over HEX, PulseChain, and PulseX. The HEX information channels are filled with information about how to shred your digital evidence.”
To further support his claim, Wall added a snapshot of the official document sent by the watchdog. However, the Hexican community immediately debunked the claim, stating that it was rather a FUD, a ‘Fear, Uncertainty and Doubt’ propaganda of spreading negative, misleading, or false information to the public to influence their opinion on specific cryptocurrencies or the crypto market.
Ex-SEC Lawyer Says Subpoena Documents Are Legit
Notwithstanding, a former SEC lawyer identified as Marc Fagel on Twitter attested to the fact that those documents were all authentic. He stated that the subpoena in the letter looked exactly like the ones he signed while working with SEC. Addressing Wall’s initial tweet, Marc Fagel confirmed that it was certainly a legit announcement.
“As someone who sent 100s of subpoenas as an SEC lawyer, I’m here for all the misinformed responses claiming the subpoena is fake (it’s almost certainly legit, sorry). Please don’t blindly accept efforts to “debunk” a subpoena from people who have never seen one before,” Marc Fagel tweeted
To clarify his stance, Wall also declared that he was not a crusader for the U.S SEC, in fact, “I have no respect for the SEC, I do not respect them. Just sharing the info.”
Recently, the SEC filed a lawsuit against four executives Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault in connection to a crypto-themed Ponzi scheme dubbed Trade Coin Club.
Before then, the watchdog initiated a lawsuit against two advisory firms and their founders