Tuesday, January 23, 2018

SEC Chief: Don't change your company name to "Blockchains-R-Us"

He actually said that, LOL:
In remarks delivered at the Securities Regulation Institute, SEC Chair Jay Clayton said “I doubt anyone in this audience thinks it would be acceptable for a public company with no meaningful track record in pursuing the commercialization of distributed ledger or blockchain technology to (1) start to dabble in blockchain activities, (2) change its name to something like "Blockchain-R-Us," and (3) immediately offer securities, without providing adequate disclosure to Main Street investors about those changes and the risks involved.”
The world is a weird place.

1 comment:

Old NFO said...

Wow! And now it's ver 3.0 Direct Acyclic Graph...