A recent tweet from the Fort Worth office of the U.S. Securities and Exchange Commission took aim at companies which have jumped on the Blockchain bandwagon by changing their name, in an effort to pump up their share price.

Recent months have seen a number of companies benefit after the adoption of a blockchain focused name. For example, BiOptix Diagnostics became known as Riot Blockchain. Longfin saw the value of its stock increase by a massive 2,600% when it announced it would be buying a company which specialised in Blockchain microlending.

However, while these examples relate to companies which are connected with the cryptocurrency sector, some other companies from outside the industry, such as a drinks distributor, an e-cigarette brand, and a bra manufacturer have also benefitted from the increased interest from investors, by changing their names to include some reference to Blockchain technology.

The rapid price gains associated with anything Blockchain have so far elicited vocal criticism and resulted in some stock being frozen, but the tweet from the U.S. Securities and Exchange Commission takes things to a new level. The message reads:

"We’re contemplating adding "Blockchain" to our name so we’ll increase our followers by 70,000 percent."