[CRYPTO CRACKDOWN] U.S. Agency Now Investigating Crypto Firms For Misconduct

[MSN] A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for “possible misconduct.”

The Federal Trade Commission spokesperson declined to name the firms or say precisely what actions prompted the investigations.

“While we can’t comment on current events in the crypto markets or the details of any ongoing investigations, we are investigating several firms for possible misconduct concerning digital assets,” the spokesperson said in a statement.

Bloomberg said in a report that the investigation was linked to misleading advertising but the FTC spokesperson declined to confirm this. [FULLSTORY]

YOUR MONEY | A Deep Dive Look Into Cryptocurrency – How To Get Started The Known Risks And The Potential Rewards