The US Securities and Exchange Commission has issued a list of 28 unregistered enterprises potentially unsafe to investors. Amongst them are eight cryptocurrency ventures.
Five of these companies propose digital asset investment and trading, legal support to victims of fraudsters, and other essential services. One of the companies calls for trading “the newest cryptocurrencies of 2018”. The websites of the three ventures are not accessible.
The SEC remarked that these companies used misleading information to draw customers beyond the United States.
Back in November 2020, the SEC declared the recovery of more than $4.68 billion, of which $1.26 billion came from ICO Telegram and token deals of cryptocurrency businesses.
In the same month, the regulator accused Ripple of trading unregistered securities in the form of XRP tokens worth more than $1.3 billion.
On January 18, 2021, US President-elect Joe Biden assigned investment banker Gary Gensler to the position of SEC chairman.
