US companies who change their name to include the word 'Blockchain' Jan. 22. From the US Securities and Exchange Commission (SEC)

Speaking at the Securities Regulation Institute Monday, SEC Chairman Jay Clayton devoted a small but pointed portion of his remarks to Blockchain technology. Specifically, Clayton Addressed the growing phenomenon of companies adding the word 'Blockchain' to their names to " capitalize on the perceive promise " of doing so. US and elsewhere changing their names so that the word 'Blockchain' featured in their official titles. (19459003)

In one case, involving a well-known companies, Long Island Iced Tea Corp., a name swap to 'Long Island Blockchain Corp.' Raised the Company 's Price to Nasdaq.

For the most part, however, it remains a dubious how companies incorporating' Blockchain 'into their names actually interacting with the technology, and to what extent they abide by best practices in doing so. Clayton described the situation, saying:

"I doubt anyone in this audience thinks it would be acceptable for a public company with no meaningful track record in pursuing the commercialization of distributed ledger or blockchain technology to (1 Blockchain-R-Us, (2), (2).

This week saw UK-based telecoms acquisitions outfit Stapleton Capital jump to the bandwagon to become 'Blockchain Worldwide,' profits from a short-lived 130% stock increase which smoothed out to 45% the same day , Jan. 22.

For copycats, it appears, the SEC will soon weigh in to check these moves above board. Clayton closed his Monday remarks on Blockchain saying: