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> The Breitmans had also hired Strange Brew Strategies, a U.S. communications company, to promote their project, and Reuters wrote a news story on May 5 about Draper’s involvement. > In pitching the story to Reuters, John O‘Brien, a principal of Strange Brew, had made claims about Tezos’ progress. He wrote: “The applications of Tezos, ranging from derivatives settlement to micro-insurance, are real and recognized by industry giants. Ernst & Young, Deloitte, LexiFi, etc. have adopted Tezos in their development environments and labs.” > On Oct. 3, a spokeswoman for the accounting firm Ernst & Young told Reuters: “The statement is not correct. EY has not adopted Tezos.” A spokesman for Deloitte said Tezos’ code is “one of many technologies we’re considering” with blockchain, but it’s “still early stage and we haven’t used the technology for a client project.” > Jean-Marc Eber, CEO of the French software company LexiFi, said, “The sentence, as stated, isn’t accurate and unfortunately exaggerated, to say the least.” While there had been “informal contacts,” he said, “at this stage, LexiFi has not adopted Tezos’ technology in its development environment or labs.” Jesus. |
Understand how the SEC works. They're complaint-driven. After a few "I lost money on Zowiecoin after they didn't do what they said they'd do" complaints, a case gets assigned to a staff investigator. They dig up the obvious stuff quickly, and if it looks like there's enough bad stuff, the slow process of doing something to the people behind Zowiecoin starts moving forward. The SEC announces about two enforcement actions a day.
We'll start seeing SEC actions once ICOs crash and there are angry investors.