North American securities regulators say over 200 crypto investigations are under way

The North American Securities Administrators Association (NASAA) has announced that "more than 200 active investigations" into initial coin offerings and cryptocurrency-related investment products are currently under way by state or provincial securities regulators in the US and Canada.

In a press release, NASAA said that its ongoing "Operation Cryptosweep", which was launched in May, has now expanded to 200 investigations and resulted in 46 enforcement actions.

Some of the investigations involve suspected securities fraud, but other potential violations of state and provincial securities laws are also coming to light, including failure to properly register a product before it is offered to investors.

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