US state and federal regulators take fight against crypto fraud to the next level

On the same day last week the North American Securities Administrators Association (NASAA) announced "Operation Cryptosweep", a series of co-ordinated enforcement actions to crack down on cryptocurrency scams, Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo also revealed that the two organisations had signed an agreement for greater information sharing between federal commodities and state securities regulators.

Speaking at the NASAA conference in Washington DC, Giancarlo said that the memorandum of understanding between the CFTC and NASAA will bolster "co-operative enforcement" and will focus the various agencies’ collective resources to better uphold the law.

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