North American Securities Administrators Association (“NASAA”) members from more than 40 jurisdictions across the United States and Canada are working together in “Operation Cryptosweep,” a coordinated series of enforcement actions to crack down on fraudulent initial coin offerings (“ICOs”), cryptocurrency-related investment products and the individuals behind them.  NASAA organized a task force of its members in April 2018 to begin these coordinated investigations, which identified hundreds of ICOs in the final stages of pre-launch preparation and other cryptocurrency-related investment products.
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