Investigation into Cryptocurrency Companies for Misleading Advertisements from the USA

The US Federal Trade Commission (FTC) has announced that it is investigating several crypto firms for allegedly deceptive and misleading advertisements.

According to a report published by Bloomberg on Dec. FTC, deceptive and misleading several crypto firms, citing having ads and promotions you are investigating stated.

FTC spokesperson Juliana Gruenwald Henderson In a statement, he stated that they are investigating several companies for possible abuses related to digital assets. By institution companies investigated and investigation No further information was given about it.

The report stated that the FTC has recently used various US Securities and Exchange Commission (SEC) guidelines regarding financial promotion and advertising to control the support of celebrities in the crypto space.

Popular TV star in October Kim Kardashian, For promoting a crypto security offered and sold by EthereumMax on social media $1.26 million had been sentenced.

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