Crypto Pressure Ratchets Up as FTC Probes Several Firms Over Ads
- Consumer protection agency says probing ‘possible misconduct’
- Securities and Exchange Commission also enforces ad rules
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The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday.
“We are investigating several firms for possible misconduct concerning digital assets,” FTC spokeswoman Juliana Gruenwald Henderson said in a statement to Bloomberg News. She declined to offer further details on the confidential probes.