Eight Cryptocurrency Companies Are Blacklisted by the SEC


Get real time updates directly on you device, subscribe now.

The US Securities and Exchange Commission (SEC) has published a list of 28 unregistered companies potentially dangerous to investors. Among them are eight cryptocurrency projects.

SEC updates list of firms using inaccurate information to solicit investors https://t.co/1EgUwI8qgj

— SEC_News (@SEC_News) January 21, 2021

Five companies offer digital asset investment and trading, legal assistance to victims of fraudsters, and other services. One of the organizations calls for trading “the hottest cryptocurrencies of 2018”. The sites of the three projects are not available.

The SEC noted that firms used misleading information to attract customers outside the United States.

In November 2020, the SEC announced the recovery of more than $ 4.68 billion, of which $ 1.26 billion fell on the Telegram ICO and token sales of cryptocurrency companies.

In the same month, the regulator accused Ripple of selling unregistered securities in the form of XRP tokens worth $ 1.3 billion.

On January 18, 2021, US President-elect Joe Biden appointed financier Gary Gensler to the post of SEC chairman.


Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.