NASAA Announces Results of “Operation Cryptosweep,” Praised by SEC Chairman

May 25, 2018
Cryptocurrency and Blockchain Tracker

The North American Securities Administrators Association (NASAA) on May 21, 2018, announced “Operation Cryptosweep” – a coordinated series of inquiries, investigations and enforcement actions by state and provincial securities regulators related to fraudulent initial coin offerings (ICOs) and cryptocurrency-related investment products. NASAA members from more than 40 jurisdictions throughout the United States and Canada have participated in Operation Cryptosweep. Since the initiative began in April 2018, Operation Cryptosweep has generated nearly 70 inquiries and investigations and resulted in 35 pending or completed enforcement actions against companies and individuals involved in alleged ICO or cryptocurrency-related scams.

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