On May 22, Jay Clayton, chairman of the US Securities and Exchange Commission (SEC), issued a statement on the official website, supporting the North American cryptocurrency sweep.
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Jay Clayton announcement content
The North American cryptocurrency sweep, also known as Operation Cryptosweep, was launched in April this year by 40 U.S. and Canadian financial regulators to crack down on fraud in the cryptocurrency and ICO markets.
On May 21, NASAA announced that the operation has launched 70 investigations and 35 enforcement actions against potential digital currency scams and fraudulent ICOs in 40 jurisdictions in the United States and Canada. In the early hours of this morning, the Canadian Columbia Securities Commission (BCSC) announced that it will cooperate with NASAA to participate in the fight against fraudulent ICO and digital currency scams. At present, BCSC has sent letters to 12 offshore companies, asking them to stop their fraudulent activities.
Our respective resources are limited. NASAA Chairman Joe Borg thinksIt is important for regulators to share resources, He said that NASAA will cooperate with the US Commodity Futures Trading Commission (CFTC) and the SEC.
Jay Clayton agrees that information sharing is key to cooperative law enforcement: “By working together, we can ensure the regulation of rapidly evolving financial technologies, deter bad actors, protect market participants, and allow markets to enhance innovation.”
After the “Operation Cryptosweep” campaign launched, the SEC created its own “fake ICO” website HoweyCoin to warn investors of potential signs of ICO fraud.
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(I am Mo Xinnan, the author of Odaily. I am exploring the real blockchain. Please add WeChat: m15978294590 for communication. Please note your name, company, and position.)
(I am Mo Xinnan, the author of Odaily. I am exploring the real blockchain. Please add WeChat: m15978294590 for communication. Please note your name, company, and position.)
