Share this article
SEC Branch Trolls Blockchain Stock Pumpers
The Securities and Exchange Commission's Fort Worth branch joked about the recent fad of companies adding "blockchain" to their names on Twitter.
By Nikhilesh De
Updated Sep 13, 2021, 7:21 a.m. Published Jan 8, 2018, 9:45 p.m.
The social media team at the U.S. Securities and Exchange Commission's Fort Worth office has taken aim at the recent trend of publicly traded companies looking for a blockchain price boost.
As previously reported, the past months have seen a range of companies, including a virtual reality platform and a Long Island iced tea distributor, "pivot" to blockchain – and subsequently benefit from the market windfall thanks to investors.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Those dizzying price gains have elicited criticism, a public stock freeze or two and, now, a crack from the Forth Worth SEC, which posted earlier today:
We’re contemplating adding “Blockchain” to our name so we’ll increase our followers by 70,000 percent.
— SEC Fort Worth (@FortWorth_SEC) January 8, 2018
which pivoted to crypto or blockchain focuses include Riot Blockchain, formerly BiOptix Diagnostics, and LongFin, which saw a 2,600 percent stock jump after purchasing a blockchain micro-lending company.
While these companies have announced efforts to work with blockchain or, at the very least, mine cryptocurrencies (as seen in a number of past filings, organizations like the Financial Industry Regulatory Authority (FINRA) have sounded the alarm on such announcements.
Specifically, the group warned investors to be wary about any publicly traded stocks that boast having a connection to the tech. It stated in a release last month that "it's easy for companies or their promoters to make glorified claims about new products, services and other cryptocurrency-related connections," noting that the tactic could be deployed by would-be fraudsters.
Steer image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Fidelity's Jurrien Timmer: Expect lame 2026 as four-year bitcoin cycle appears intact
The director of global macro at the asset management giant remains a secular bull on bitcoin, but isn't optimistic about the next year.
What to know:
- A number of notable market analysts of late have dismissed the idea of bitcoin's four-year cycle and the nearly certain bear market that might imply.
- Fidelity's Jurrien Timmer, however, says the action so far this time around lines up about perfectly with past four-year cycles and the current bearish action should last deep into 2026.
Top Stories
