US and Canadian Securities Regulators Unite for ‘Operation Cryptosweep’

Operation Cryptosweep was announced earlier today. The goal of the coordinated effort from numerous North American securities regulators is to clean up scams and fraudulent offerings from the cryptocurrency space.Regulators Share Resources to Crackdown on Scam ICOsThe joint crackdown that will go by the name of Cryptosweep will see over 40 U.S. and Canadian regulators united with the common goal of ridding the cryptocurrency industry of fraudulent initial coin offerings (ICOs) and cryptocurrency investment opportunities.The president of the North American Securities Administrators Association (NASAA), Joe Borg, told Forbes that there had been over 60 investigations and a further 35 enforcement actions made this month alone.

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