More than 40 North American state and provincial regulators have revealed they are working in a coordinated crackdown on fraudulent crypto projects; Operation Cryptosweep started on May 1st and thus far has resulted in about 70 enforcement actions per reporting in Crowfund Insider; the operation is being led by the North American Securities Administrators Association (NASAA) who represents state and provincial regulators; the sweep is meant to catch fraud and raise public awareness about the issue as retail investors can risk losing significant capital. Source.
