Financial watchdogs are going through the cryptocurrency market with a 'fine tooth comb'
SEC, CFTC step up pressure on cryptocurrencies
The Securities and Exchange Commission and the Commodity Futures Trading Commission have issued a joint statement underlining intentions to take firm action against fraud in cryptocurrency transactions and initial coin offerings. The statement emphasizes commitment to examining cases in detail, with one trader who has received an SEC inquiry saying regulators are sifting through projects with "a fine-toothed comb."