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Beversxc@626289·Jul 12

"Based on the information we currently have, we do not intend to recommend that the commission take enforcement action against Hiro Systems PBC (formerly Blockstack PBC)," the SEC's enforcement division said in a letter to Hiro in an attachment to Friday's documents. The letter contained a fixed warning that such a notice "must never be interpreted as indicating that the party has been relieved of liability or that a staff investigation may ultimately lead to no action."

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    Beversxc@626289·Jul 12

    Hiro provides developers with tools to build applications on Stacks, a Layer2 blockchain that supplements Bitcoin. Stacks was the brainchild of crypto industry veteran Muneeb Ali, who is now CEO of Trust Machines, another ecosystem builder, and a board member of Hiro.

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