Hiro, formerly known as Blockstack, announced last week that its Stacks token (STX) is no longer a security, and as such, Hiro will stop filing annual reports to the SEC.
“Today, Hiro Systems PBC filed its 2020 annual report with the SEC,” Hiro CEO Muneeb Ali wrote in a blog post. „We expect this to be our last annual report filing, marking the end of a nearly two-year journey since Hiro’s SEC-qualified offering of Stacks tokens (STX) in July 2019.”
Hiro (formerly Blockstack PBC) has filed a 2020 annual report with the SEC.
We expect this to be our last annual filing, as we no longer treat Stacks (STX) as US securities.
This concludes a two-year journey; we anticipate filing an exit report.
Blog: https://t.co/wWN8qLc7sS
— Muneeb (@muneeb) April 28, 2021
Of course, Hiro declaring STX no longer a security is not the same as the SEC saying it. But that’s the whole issue exemplified by Blockstack’s „journey”: there is no precedence for the SEC declaring a crypto token that was on
Źródło: https://decrypt.co/69980/hiro-formerly-blockstack-says-its-stx-token-from-security-to-utility-token
