Comment on SEC halts trading of iced tea company that pivoted to blockchain

SEC halts trading of iced tea company that pivoted to blockchain

Enlarge (credit: Lipton / Timothy B. Lee) Back in 2017, we reported on the bizarre story of the Long Island Iced Tea Company rebranding itself as the Long Blockchain Corp. This happened at the peak of the last big blockchain boom, with bitcoin's price approaching $20,000 and dubious initial coin offerings raising millions of dollars.

 

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