Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    5 Tips on How to Safely Load and Unload Vehicles on Your Car Trailer

    November 27, 2023

    Best four tips to follow when starting your woodwork business

    November 16, 2023

    7 Good Reasons to Get Experts for Your Kitchen Remodel

    November 9, 2023
    Facebook Twitter Instagram
    • Demos
    • Tech
    • Gadgets
    Financian
    • Home
    • Features
      • Example Post
      • Typography
      • Contact
      • View All On Demos
    • Gaming

      Spotlight on Charity: How PCSO Lotto Results Contribute to Social Cause

      August 14, 2023

      Online casino usa real money

      June 20, 2023

      Gaming Chairs: Are They Good For Your Back And Posture? Tips by CasinoKart

      April 4, 2023

      Benefits of Play Online Poker Card Games at PokerBaazi

      April 4, 2023

      How to Play the Golden Nugget Online Casino for Gambling Purposes

      March 26, 2023
    • Typography
    • Mobiles
      1. Tech
      2. Gadgets
      3. Insights
      4. View All

      Latest Huawei Mobiles P50 and P50 Pro Feature Kirin Chips

      January 15, 2021

      Samsung Galaxy M62 Benchmarked with Galaxy Note10’s Chipset

      January 15, 2021

      2021 Apple MacBook Air: New leak Reveals Razor-Thin Redesign

      January 15, 2021

      Concept Images New 32-inch iMac with Edge-to-Edge Design

      January 15, 2021

      Apple Watch Series 7 Could Measure Your Blood Sugar Levels

      January 14, 2021

      A Science Breakthrough Will Help in Extending Life of Your Gadgets

      January 14, 2021

      Nintendo’s Mario Game & Watch is a Choice Gaming Stuffer

      January 14, 2021

      Gravity Sketch VR 3D Modeling is Now Free to Use

      January 13, 2021

      Tech Insights on Apple’s Mac Mini, MacBook Air and Pro with Latest iPhone-like Chips

      January 14, 2021

      iMac Schematic Shows Slimmer Bezels in iOS 14 Code

      January 14, 2021

      Wingcopter Raises $22m to Launch a Next-Generation Drone

      January 14, 2021

      Tech Details of iMac Pro for 4k Video Editing and VFX

      January 13, 2021

      Latest Huawei Mobiles P50 and P50 Pro Feature Kirin Chips

      January 15, 2021

      Samsung Galaxy M62 Benchmarked with Galaxy Note10’s Chipset

      January 15, 2021
      9.1

      Review: T-Mobile Winning 5G Race Around the World

      January 15, 2021
      8.9

      Samsung Galaxy S21 Ultra Review: the New King of Android Phones

      January 15, 2021
    Financian
    Home » The US Federal Trade Commission is investigating several crypto firms over misleading crypto advertising
    Business

    The US Federal Trade Commission is investigating several crypto firms over misleading crypto advertising

    Beatrice D. RamirezBy Beatrice D. RamirezJanuary 14, 2023Updated:September 5, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    a group of coins with bitcoins
    Share
    Facebook Twitter LinkedIn Pinterest Email

    After the collapse of FTX, which was once the biggest crypto exchange in the world and now is nothing, several crypto regulators and security agencies made their policies strict over the whole crypto industry, and since then, they have started investigating other crypto firms. According to a Bloomberg report, today, on the 5th of December, another agency FTC, the US Federal Trade Commission, joined this list and is investigating several unnamed crypto firms over misleading crypto advertising.

    According to the report, in a statement, Juliana Gruenwald Henderson, a spokesperson of the FTC, said that we are investigating several firms for possible misconduct concerning digital assets. However, Juliana did not share further information about which firms are the subject of this investigation. Moreover, she also did not share any information regarding the reason behind launching these investigations.

    According to the official website of FTC, when consumers see or hear an advertisement, whether it’s on the Internet, television, radio, or anywhere else, federal law says that the ad must be truthful and deceptive, or misleading. And when appropriate, the ad must be backed by scientific evidence. Moreover, federal law requires truth in advertising, such as rules that individuals disclose when they have been paid for reviews or endorsements. 

    According to a report from Decrypt, a spokesperson of the FTC said that while we can’t comment on current events in the crypto markets or the details of any ongoing investigations, we are investigating several crypto firms for possible misconduct involving digital assets.

    After this announcement, FTC joined the US Securities and Exchange Commission, which already has been doing this job. SEC made regulations for disclosures that individuals must make when promoting securities. In October, the agency used these rules to crack down on celebrities involved in the promotion of the EthereumMax token, EMAX, and announced charges against Kim Kardashian.

    According to the SEC, Kim failed to disclose a payment of $250,000 she received for publishing an Instagram post, which delivered instructions for potential investors to buy EMAX tokens. However, she agreed to pay $1.26 million to settle the charges. 

    Topic Source

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Beatrice D. Ramirez

    Related Posts

    Best four tips to follow when starting your woodwork business

    November 16, 2023

    4 Tips for Selling White Label Products Online

    March 20, 2023

    Take Your Business Finances from Struggling to Thriving, Budgeting, Scheduling, and More!

    February 24, 2023
    Add A Comment

    Comments are closed.

    Editors Picks
    8.5

    Apple Planning Big Mac Redesign and Half-Sized Old Mac

    January 5, 2021

    Autonomous Driving Startup Attracts Chinese Investor

    January 5, 2021

    Onboard Cameras Allow Disabled Quadcopters to Fly

    January 5, 2021
    Top Reviews
    9.1

    Review: T-Mobile Winning 5G Race Around the World

    By adminside
    8.9

    Samsung Galaxy S21 Ultra Review: the New King of Android Phones

    By adminside
    8.9

    Xiaomi Mi 10: New Variant with Snapdragon 870 Review

    By adminside
    Advertisement
    Demo
    • Home
    • Tech
    • Gadgets
    • Mobiles
    All rights are reserved

    Type above and press Enter to search. Press Esc to cancel.