WASHINGTON—The Securities and Exchange Commission is preparing to examine as many as 100 hedge funds focused on cryptocurrencies, according to a person familiar with the matter. The initiative is separate from the dozens of enforcement investigations already under way, which largely target initial coin offerings, or digital tokens that startups offer in exchange for investments. The SEC has pushed aggressively to police the unregulated world of ICOs, saying that many token deals flout investor-protection laws.

Source: Wall Street Journal March 22, 2018 22:18 UTC