UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 91174 / February 19, 2021

ADMINISTRATIVE PROCEEDING

File No. 3-20228

In the Matter of

LONG BLOCKCHAIN

CORP., 

Respondent.

ORDER INSTITUTING PROCEEDINGS 

PURSUANT TO SECTION 12(j) OF THE 

SECURITIES EXCHANGE ACT OF 1934, 

MAKING FINDINGS, AND REVOKING 

REGISTRATION OF SECURITIES

I.

The Securities and Exchange Commission (“Commission”) deems it necessary and 

appropriate for the protection of investors that proceedings be, and hereby are, instituted pursuant 

to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”), against Long 

Blockchain Corp. (“LBCC” or “Respondent”).

II.

In anticipation of the institution of these proceedings, Respondent has submitted an Offer 

of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the 

purpose of these proceedings and any other proceedings brought by or on behalf of the 

Commission, or to which the Commission is a party, and without admitting or denying the findings 

herein, except as to the Commission’s jurisdiction over it and the subject matter of these 

proceedings, which are admitted, Respondent consents to the entry of this Order Instituting 

Proceedings Pursuant to Section 12(j) of the Securities Exchange Act of 1934, Making Findings, 

and Revoking Registration of Securities (“Order”), as set forth below. 
2

III.

On the basis of this Order and Respondent’s Offer, the Commission finds1that 

A. LBCC, a Delaware corporation based in Long Island, New York, (CIK No. 

0001629261), was formerly known as Long Island Iced Tea Corp. From approximately 2015 to 

2017, the company’s principal business was ready-to-drink beverages. In December 2017, the 

company changed its name to LBCC and announced that it was shifting its business operations 

from soft drink production to activities related to blockchain technology. Its blockchain business 

never became operational. LBCC has common stock registered pursuant to Section 12(g). The 

common stock of LBCC was registered under Section 12(b) of the Exchange Act and traded on 

NASDAQ until NASDAQ filed a Form 25 on June 6, 2018 to delist the securities. LBCC stock is 

currently quoted and on OTC Link whose parent company is OTC Markets Group, Inc.

B. LBCC has failed to comply with Section 13(a) of the Exchange Act and Rules 13a1 and 13a-13 thereunder in that it has not filedan annual report on Form 10-K since the period 

ended December 31, 2017. LBCC is also delinquent in filing quarterly reports, having not filed a 

Form 10-Q since the period ended September 30, 2018. 

IV.

Section 12(j) of the Exchange Act provides as follows:

The Commission is authorized, by order, as it deems necessary or appropriate for the 

protection of investors to deny, to suspend the effective date of, to suspend for a period not 

exceeding twelve months, or to revoke the registration of a security, if the Commission finds, on 

the record after notice and opportunity for hearing, that the issuer of such security has failed to 

comply with any provision of this title or the rules and regulations thereunder. No member of a 

national securities exchange, broker, or dealer shall make use of the mails or any means or

instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale 

of, any security the registration of which has been and is suspended or revoked pursuant to the 

preceding sentence.

In view of the foregoing, the Commission finds that it is necessary and appropriate for the 

protection of investors to impose the sanction specified in Respondent’s Offer. 

 

1 The findings herein are made pursuant to Respondent’s Offer of Settlement and are not 

binding on any other person or entity in this or any other proceeding. 
3

Accordingly, it is hereby ORDERED, pursuant to Section 12(j) of the Exchange Act, that 

registration of each class of Respondent’s securities registered pursuant to Section 12 of the 

Exchange Act be, and hereby is, revoked. The revocation is effective as of February 22, 2021.2

By the Commission.

Vanessa A. Countryman

Secretary

 

2 This Order applies to all classes of Respondent’s securities registered pursuant to Section 

12 of the Exchange Act, whether or not such securities are specifically identified by 

ticker symbol or otherwise in this Order.