The US Securities and Exchange Commission (SEC) has expanded its list of “misleading” digital asset companies.
This list is called “Public Alert: Unregistered Soliciting Entities” (PAUSE) and it pursues informational purposes and does not assume that the firms included in it have violated the law.
The PAUSE includes organizations whose activities, in the opinion of the regulator, are questionable. Another criterion is the name similar to well-known firms.
As examples, the SEC named the SuperBinance and Superfxtrading projects, as investors can confuse them with the exchanges Binance and FTX. The list includes Gemini M&A, whose name is very similar to that of crypto exchange Gemini.
The Commission has noted that the companies included in PAUSE provided false information “about ownership, location and registration.”
