The former beverage company, which rebranded as Long Blockchain Corp during the crypto mania in December 2017, has been officially approached by the US Securities and Exchange Commission (SEC). The subpoena from the regulator dates from July 10 but was revealed in a filing on Wednesday. Long Blockchain did not provide other details apart from stating it was “fully cooperating” and added:
“The company cannot predict or determine whether any proceeding may be instituted by the SEC in connection with the subpoena or the outcome of any proceeding that may be instituted.”
Publicly traded Long Island Iced Tea decided to change its name to Long Blockchain amidst the crypto craze of late 2017. What ...
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