Operation Crypto-Sweep – The North American Securities Administrators Association (NASAA) just announced that they sent out 70 cease-and-desist letters to operations they believe to be scam crypto companies. The operation is being called ‘Operation Crypto-Sweep’ and it has first reached 40 jurisdictions in both CanADA and the United States.

Joseph P. Borg, NASAA’s president, made a statement three days ago saying, “the actions announced today are just the tip of the iceberg.”

Since the beginning of May, the operations have resulted in 35 enforcement actions and the opening of 70 individual investigations. “Not every ICO or cryptocurrency-related investment is fraudulent, but we urge investors to approach any initial coin offering or cryptocurrency-related investment product with extreme caution,” Borg said.