SEC adds eight cryptocurrency firms to blacklist

The U.S. Securities and Exchange Commission (SEC) published a list of 28 unregistered entities potentially dangerous for 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 firms offer investments in digital assets and trading, legal help for victims of fraud, and other services. One organisation urges trading the “the hottest cryptocurrencies of 2018.” The websites of three projects are unavailable.

In SEC noted that the firms used misleading information to attract clients outside the United States.

Public Alert Unregistered Soliciting Entities by ForkLog on Scribd

In November 2020, the SEC announced the collection of more than $4.68 billion, of which $1.26 billion related to Telegram’s ICO and token sales of cryptocurrency companies.

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

In January 2021, the incoming U.S. president Joe Biden nominated the post of chair of the SEC, financier Gary Gensler.

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