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.
Google's head of search testified at the company's trial Thursday as it started presenting its defense. The Justice Department in several states alleged that Google violated antitrust law to achieve its dominance in search.
California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace.
