US CFTC and SEC cooperate to combat cryptocurrency investment scams

Odaily Odaily News: According to the official announcement, the U.S. CFTC Office of Customer Development and Education (OCEO) announced two partnerships to provide customers with targeted information about cryptocurrency relationship investment scams. Partnerships with multiple organizations are the cornerstone of OCEO's outreach efforts, aimed at expanding its audience. The American Bankers Association Foundation, a "private regulator," and other federal agencies are working with OCEO to create and publish an infographic to help audiences identify and avoid "pig killing" schemes. In addition, OCEO will work with the U.S. SEC and other organizations to develop investor warnings about "pig killing and leek cutting" scams. Melanie Devoe, director of OCEO, said these partnerships are designed to spread educational information and prevent scams from harming the public.