The US Federal Trade Commission (FTC) is probing several crypto firms for running deceptive and misleading advertisements.
FTC spokeswoman Juliana Gruenwald Henderson stated that FTC is investigating crypto firms for possible misconduct concerning digital assets. However, she declined to disclose any details on the confidential probe.
Regulatory authorities around the world have tightened their speculation over crypto companies after a sudden collapse of the FTX exchange.
The SEC has also been on news for cracking down on celebrity endorsements in the crypto space. Most recently, the SEC has charged Kim Kardashian for touting crypto security.
