Overstock is still in the dark about the investigation US regulators launched into tZERO back in 2018, says the company’s new interim CEO.
Johnson: No SEC Info Since 2018
Speaking to FOX Business in an interview reported on September 3, Jonathan Johnson said he was still waiting for information from the Securities and Exchange Commission (SEC).
We haven’t had requests for information for almost a year,
Johnson took over the reigns of Bitcoin-friendly Overstock in August after the abrupt departure of founder Patrick Byrne.
The SEC had signalled it would be eyeing Overstock in February 2018, after tZERO came into existence with the aim of creating a Blockchain stock exchange.
The company chose to make details of the investigation public, but nothing has come from the SEC since last December, says Johnson.
“[Johnson] described it as ‘dormant’,” a FOX interviewer recalled.
The acting chief said he then met with lawmakers in June, requesting an update on progress and more concrete demands which have not yet…