The US Securities and Exchange Commission (SEC) has announced the temporary suspension of stock trading for the Crypto Company, a publicly traded company based in Malibu, California. The SEC cites the information provided by the firm and possible manipulation.

In its publication, published on Dec. 19, the SEC claimed that it is freezing the stocks of the company until Jan. 3, 2018, stating:

"The Commission is suspended in the securities of the Crypto Company because of concerns about the accuracy and adequacy of information in the marketplace, among other things, the compensation paid for the company, and statements in Commission filings sur les plans de la company des insiders de vente des stocks de la Crypto Company's common stock. Questions also arisen about potentially manipulative transactions in the company's stock in November 2017. "

Past trading performance

Based on data from MarketWatch, The Crypto Company, which trades under the ticker The CRCW, is among the few small-and-large-scale publicly traded entities that have left their mark on the market. 18.

Meanwhile, a report by Bloomberg claimed that The Crypto Company has recently concluded a private sale for a price of only $ 7 per share. $ 575 per share on Dec. 18.

The company failed to resolve an issue when asked about the SEC decision.

Earlier this month, SEC froze the assets of another ICO firm PlexCorps, saying they violated anti-fraud provisions and sold securities (their tokens) to US investors without registering with the SEC.

Despite the seemingly "Wild West" state of cryptocurrencies and ICOs, where many claim a lack of regulation, the US is one of several countries actively regulating the crypto space