Cryptocurrencies
Overstock's Byrne Says SEC Wants to `Know Everything' About ICO
- Regulator asked about investor accreditation, company history
- Retailer has had many meetings with SEC and Finra, CEO says
Boxes sit on shelves before shipment at the Overstock.com Inc. fulfillment center in Salt Lake City, Utah.
Photographer: Cayce Clifford/Bloomberg
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Overstock.com Inc. Chief Executive Officer Patrick Byrne has a colorful history when it comes to dealing with Wall Street and regulators. It could get even more interesting.
The Securities and Exchange Commission wants to know everything there is to know about the company’s digital-token offering, Byrne said in an interview Thursday. That includes “very broad questions” about the history of the company and its blockchain subsidiary tZero, as well as more specific inquiries into how Overstock knows its token investors are accredited, he said.