After FTX Implosion – US Trade Commission Investigates Crypto Firms

Date:

After the implosion of the crypto exchange FTX, the industry is increasingly being targeted by the authorities: the US Trade and Consumer Protection Agency (FTC) has launched an investigation into several crypto companies for potentially misleading advertisements.

“We are investigating several companies for possible misconduct in digital assets,” an FTC spokeswoman told Bloomberg. She initially did not want to reveal details – the investigations are still confidential.

The call for regulation is getting louder
Following the bankruptcy of the FTX group – which operated one of the largest trading platforms for digital currencies such as Bitcoin – calls for tighter regulation of the market have become louder.

During the crypto boom, FTX and other companies had spent a lot of money on advertising, including using celebrities as ambassadors. The US Securities and Exchange Commission has repeatedly warned that investors should not rely on investment tips from influencers.

Source: Krone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related