The US Securities and Exchange Commission (SEC) has expanded its list of “misleading” digital asset companies. This is stated in the press release.

This is a list called “Public Alert: Organizations Making Unregistered Requests” (PAUSE). It is for informational purposes and does not assume that the companies falling within it are breaking the law.

PAUSE includes organizations whose activities are questionable in the regulator’s opinion. Another criterion is a name similar to well-known companies.

As an example, the SEC has named the SuperBinance and Superfxtrading projects – investors can confuse them with Binance and FTX bitcoin exchanges. The list includes Gemini M&A and newcomers include Bittrade Capitals, 247Crypto Trade and Bitpayfxpro.

The Commission noted that companies under PAUSE provided false information “about ownership, location and registration”. However, the SEC denies that such firms hide behind well-known names and call them “unlicensed entities” transacting.

In November 2020, the Texas regulator issued three emergency orders to shut down the operations of 14 cryptocurrency companies suspected of fraud.

In March 2021, state officials filed suit against three unregistered projects. One of them worked under the Binance bitcoin exchange brand.

Recall that in October of the same year, the New Jersey Securities Bureau sent an order to the management of five crypto companies to suspend operations on suspicion of fraud.