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SEC reportedly subpoenas companies and advisers over ICOs

llustration: Rebecca Zisser / Axios 

The U.S. Securities and Exchange Commission has issued subpoenas and information requests to "scores" of companies and advisors involved with initial coin offerings (ICOs) and digital token sales, according to the Wall Street Journal.

Why this matters: After a series of warnings and a handful of enforcement actions against companies violating securities laws or committing fraud, the SEC is getting more aggressive in cracking down on the market. Last month, SEC Chairman Jay Clayton expressed concerns over securities lawyers giving misleading advice about token sales, suggesting that the commission could direct its enforcement efforts against them as well.

Go deeper: Clayton talks about ICOs at Stanford University.

Dave Lawler 6 hours ago
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What Trump and Putin did and didn't discuss

President Trump spoke with Vladimir Putin this afternoon, and congratulated him on winning re-election on Sunday. After the call, Press Secretary Sarah Sanders was asked whether Trump felt the election had been free and fair, and said it wasn’t up to the U.S. to “dictate" how Russia holds elections.

The bottom line: Trump is not alone in congratulating Putin — leaders in France, Germany and elsewhere have done so this week, as Barack Obama did in 2012. But past administrations certainly have seen it as America’s role to call balls and strikes when it comes to elections abroad, and weigh in when democratic institutions are being undermined. A departure from that approach would be welcomed not only by Putin, but other leaders of pseudo democracies around the world.

Haley Britzky 2 hours ago
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Another explosion rattles Austin, unrelated to prior package bombings

Police and FBI Agents investigate at the Sunset Valley FedEx store in Austin, Texas, which is linked to the package bomb.
Police and FBI Agents investigate at the Sunset Valley FedEx store in Austin, Texas, which is linked to the package bomb. Photo: Suzanne Cordeiro / AFP / Getty Images

Officials are responding to a sixth explosion in Austin, Texas, on Tuesday night, the Austin American-Statesman reports. The Austin Police Department said they don't believe it is connected to the previous explosions around the city.

The details: Per the Statesman, the explosion occurred at a Goodwill and one man is being treated for "potentially serious injuries." CBS News' David Begnaud reports that the incendiary device was a flare, "included in a bunch of donated items." Per KVUE in Austin, "the victim was an employee who was looking through donations."