THC Therapeutics Inc. (THCT)

[pseeker]

SEC to Scrutinize ‘Blockchain-R-Us’ Schemes

Before moving on to other matters, however, Clayton expressed concern at the growing number of public companies that have allegedly sought to artificially inflate their share prices by associating themselves with blockchain technology.

As CCN has reported, companies as diverse as biotech firms, beverage companies, and even sports bra producers have announced abrupt forays into the blockchain space, rebrands which have led to soaring share prices and — more often than not — a new securities offering.

Clayton said that the agency is “looking closely” at such “Blockchain-R-Us” schemes to determine whether they violate securities regulations.
https://www.ccn.com/sec-on-high-alert-for-icos-that-violate-federal-securities-laws-says-agency-chairman/