For the 3rd time this month, SEC is Suspending Trading of the Bitcoin Penny Stock

The SEC announced a trading suspension on American Protection Resources (ARSC) on August 24th.

Technically it's not also called American Safety Resources anymore as they recently changed their name to Bitcoin Crypto Money Exchange Corporation.

Smart investors must have known something was up the second they read the name of the firm separating "crypto" and also "currency" in words "cryptocurrency".

Really strange to see both words split up like that when it's being talked about by people within the market.

In any case, that must have been a red flag for the SEC also since they halted trading in the stock simply a few weeks after the name modification.
Particularly this was the release from the SEC concerning the suspension:

" The Payment temporarily suspended trading in the safety and securities of ARSC as a result of concerns that have actually occurred pertaining to the publicly available information about the business in news release on OTCMarkets.com dated August 1st as well as August 8th, 2017 worrying, to name a few points, the firm's company transition to the cryptocurrency markets and very early fostering of blockchain innovation."
Basically, it sounds like excellent ol ARSC was attempting to take advantage of the current appeal bordering Bitcoin and also cryptocurrency in general and was planning to ride the wave.

The SEC didn't like that concept very much.

This suspension of trading marks the Third Bitcoin associated dime stock suspension within the last month.
The initial cent supply to be put on hold was CIAO Group.

Following was First Bitcoin Capital.

Bitcoin Funding just recently introduced that they will certainly press back against the SEC to have their suspension lifted.

They can reveal it all they want, however, in all my years of following the OTC markets, I have actually never seen the SEC reverse a suspension and also subsequent delisting of a security.

They do not suspend trading unless they have concrete proof of wrong doing.

My ideas:
My suggestions to any person out there that is currently holding any OTC equities related to Bitcoin or Cryptocurrency is to sell them instantly prior to the SEC pays your stock a visit ...

It's most likely much better to have the real thing.

Either that or just wait for futures and choices markets ahead out later on this year. I would imagine an ETF is quickly to follow.

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Love,

@thecryptogirl