What’s in a Blockchain Name? SEC Demands More Than Investor Bait
- Clayton says agency is scrutinizing changes in business models
- Companies have reaped big gains from new names in recent weeks
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Companies looking to ride the cryptocurrency wave are drawing a stern warning from the top U.S. securities regulator: You better do more than change your name.
The Securities and Exchange Commission will be watching firms taking on new names and business models to make sure they’re not just trying lure investors eager to jump on the blockchain bandwagon, Chairman Jay Clayton said Monday in comments prepared for a conference in Coronado, California.