The US Securities and Exchange Commission (SEC) is officially investigating the cryptocurrency known as HEX. The SEC is looking into whether HEX is a security, and if it should be regulated.
The SEC is concerned about the potential for investors to be misled by HEX’s marketing materials, which claim that the cryptocurrency is a secure and profitable investment. The SEC is also looking into the potential for HEX to be a form of pyramid scheme.
The SEC is also examining the potential for HEX to be used to facilitate illegal activity such as money laundering and fraud.
The investigation is a reminder that investors should exercise caution when considering any cryptocurrency investment. It is important to research any cryptocurrency before investing, and to understand the associated risks and regulations.
