SEC suspends trading in three issuers claiming cryptocurrency link

The US Securities and Exchange Commission (SEC) has temporarily suspended the trading of three companies as it investigates statements they made about the acquisition of cryptocurrency and blockchain-related assets.

The SEC has indicated that Cherubim Interests Inc, PDX Partners Inc, and Victura Construction Group Inc had claimed in press releases that they had acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

According to the SEC order regarding Cherubim, the company had also announced the execution of a financing commitment to launch an initial coin offering.

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