After the rumors started to spread that the SEC had been sending out subpoenas to preliminary coin choices (ICOs), a small number of the most substantial initiatives have resorted to taking advantage of the funding mechanism and have remained tight-lipped, hold back from public commentary.

Up to now, CoinDesk has reached out to 14 best-known issuers which have raised more than $50 million through their token gross sales, asking whether or not they had acquired a subpoena or request for data letter. The majority left some applications for remark without a reply.

Some attorneys and industry shareholders are enthusiastic about talking on the record of the investigations. Even though many have expressed their belief that the agency is undergoing a sweep of the industry, which likely is focused on one specific token sale type.

Michael Arrington, the founder of TechCrunch, is the only one that admitted to having received a subpoena. He had raised approximately $100 million for launching, Arrington XRP Capital, the crypto hedge fund.

In the week, CoinDesk has repetitively asked each project about having received subpoenas, statements, as well as the absence of the statements, from the issuers, as this can be somewhat illuminating.

Out of the 14 projects, CoinDesk directly responded to just one questions about SEC subpoenas: Quoine.

The issuer’s spokesperson that raised about $108 million through the sale of its Qash token said that it had never been subject to a subpoena or an application for information.

Bancor had raised approximately $153 million by trading its BNT tokens. The spokesperson stated that it had “nothing to report” to CoinDesk, adding that it never received a subpoena.

And tZero, an Overstock.com subsidiary which is still in the heart of its token raise aiming at about $250 million, established that the SEC was investigating it, but never receive a subpoena. tZero further, confirmed that it was ready and “willingly working” with SEC.

Apart from that, many other issuers answered to CoinDesk with the infamous phrase, “no comment.TenX that raised about $80 million at the time of its token sale failed to comment through the spokesperson.