Cryptocurrencies
Crypto-Craze Icon Long Blockchain Has Shares Delisted by SEC
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Long Blockchain Corp., the former iced-tea company that became a poster child of crypto-investment excesses, had its shares delisted by U.S. regulators after failing to file financial reports for years.
Long Blockchain, which changed its name from Long Island Ice Tea Corp. in 2017, had been trading over-the-counter since Nasdaq kicked it off its exchange in 2018, the Securities and Exchange Commission said in an order. The SEC officially pulled the Farmingdale, New York-based company’s registration Monday, citing the fact that the last time it filed a financial report was for the quarter ended Sept. 30, 2018.