Michael Arrington's $ 100 Million Cryptocurrency Fund, Founder of TechCrunch, Receives a summons from the US Securities and Exchange Commission. CNBC reports on Friday, March 2.

Arrington told CNBC that even though it is true that his Arrington XRP Capital Fund received a subpoena, "all the [crypto] funds I talked to" Stressing his willingness to comply with cryptography-specific regulations, if they were to be presented, Arrington continued:

"It's alright, they [the SEC] just have to understand what they want to make rules so that we can all follow them, and the market begs them to do it.

Many media outlets, including CNBC, reported that a total of 80 companies already received subpoenas from the SEC.

Arrington's comments echo to those of Overstock's CEO, Patrick Byrne, whose encryption subsidiary was also assigned by the SEC this week .. Byrne said he "actually supports" crypto investigations -currency as a whole, adding:

"The more they put a regulatory spotlight, the better we look."

However, Arrington mentioned that the lack of clarity of the SEC on crypto-specific regulations has led to crypto projects originally based in the United States moving to the outside of the country, which is a "shame" adding:

"The United States has just frozen."

Jason Gottlieb, Associated with the law firm Morrison Cohen representing PlexCorps, whose assets the SEC froze after allegedly "scam" Initial Coin Offering (ICO) was actually a sale of unregistered securities, a CNBC said the quotes come from offices in New York, Boston and San Francisco SEC:

"It is clear that it is a coordinated and grandiose survey, I would expect to

Gottlieb added that he considered that the SEC investigation resulted in a "mishmash of court decisions" and thought that the Supreme Court could decide cases coming out of the probe

In mid-February 2018, the SEC reported that it had suspended the negotiation of three companies related to both cryptocurrency and Blockchain technology

. February, at the joint cryptographic hearing of the SEC and Commodity Futures Trading Commission (CFTC), SEC chairman Jay Clayton said that each token issued by the OIC that the SEC has seen up to 39%. should now be considered titles and registered as such, but cryptocurrencies " should be intelligently and practically regulated.