US/Canadian regulators investigate scams


Crypto Fat Cat
US, Canadian Regulators Launch Dozens of Crypto Scam Probes - CoinDesk

Cross post also in Market News. I’m hoping they go at scams hard. The entire crypto space is littered with scams and Ponzis.

“An "international crackdown" on cryptocurrency scams was launched Monday by a group of securities regulators in Canada and the United States.

Dubbed "Operation Cryptosweep," the effort was unveiled during a Monday event hosted by the North American Securities Administrators Association (NASAA). Its existence was first reported by the Washington Post and later detailed in releases from the Tennessee Department of Commerce and Insurance (TDCI) as well as the Texas State Securities Board (TSSB).

Cryptosweep, according to statements, constitutes "nearly 70 inquiries and investigations and 35 pending or completed enforcement actions since the beginning of the month." More investigations are said to be underway, though it's unclear when any related enforcement actions will be unveiled.”