The SEC issued dozens of subpoenas to investigate initial coin offerings. Fortune Senior Writer Jen Wieczner explains what this crackdown means for the cryptocurrency market.
"This is something that is on everyone's mind," says Wieczner. "I think its going to be largely a good thing. People in the ICO space say this is going to give them some clarity."
Wieczner says ultimately this crackdown can weed out bad actors in this emerging market.
Peloton is under investigation by the U.S. government over reports of customer injuries related to its equipment.
In May, Peloton recalled both its Tread Plus and Tread Treadmill after one child died, and 70 others were injured. John Divine, a senior financial markets editor at U.S. News & World Report, joined Wake Up with Cheddar to break down what this could mean for the company.
