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0.00217155266015204 -0.0010857763300761 -0.0010857763300761 -0.0023887079261672 0 0.00390879478827361 0.0020304017372421 0.000651465798045627
Stock impact report

Crypto Pressure Ratchets Up as FTC Probes Several Firms Over Ads [BNN Bloomberg (Canada)]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: BNN Bloomberg
“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. The consumer protection agency enforces laws that require truth in advertising, including rules that individuals disclose when they have been paid for endorsements or reviews. The Securities and Exchange Commission also has regulations for the disclosures that individuals touting securities must make. The agency used these rules to crack down on celebrity endorsements in the crypto space -- most notably with a recent enforcement action against Kim Kardashian. The reality TV star didn't admit or deny the SEC's allegations that she illegally promoted a crypto token on her Instagram account without proper disclosure, but she agreed to pay $1.26 million to settle the issue. Investors have sued cryptocurrency exchange FTX for false advertising, amo Show less Read more
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