According to the information published by the US Nations Securities and Exchange Commission (SEC), US companies that have changed their names to include the word Blockchain are subject to new regulations.
SEC President Jac Clayton, Securities Securities Organization He devoted a small part of his speech on Monday at the Institute to Blockchain technology. took apart. Specifically, Clayton noted that companies using the word Blockchain have grown by taking advantage of the fascinating promise of Blockchain.
Previously Various news were published about the inclusion of the word Blockchain in company names in the USA and other countries.. With this name change, there was a significant increase in the stocks of the companies in a short time.
Previously, Long Island Iced With the name change of a beverage company known as Tea Corp., Long Island Blockchain Corp. Clayton, expressing that it is doubtful how the word Blockchain participates in their companies and how companies interact with technology, while describing the situation. said :
“Almost everyone in the market, companies that do not have any initiative in the commercialization of the Blockchain name or technology, start to engage in Blockchain activities, very skeptical about changing its name to “Blockchain-R-Us” and entering the stock market without telling Main Street investors about these changes and the risks.”
With the entry of England-based Stapleton Capital into the market as “Blockchain Worldwide” this week, the company’s share values in the market have decreased in a very short time. stro ng>130% has increased.
SEC will tighten its work to ensure these moves are lawful. Clayton concluded his speech with these words :
“The SEC is a public company that is changing their business models to take advantage of Blockchain technology. closely following the statements. It especially checks whether these transactions comply with securities laws.”
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