Alabama: The Unlikely Frontline for America’s Crypto Fraud Crackdown

“Of the states, I think we’ve got about 20 percent of all the active cease-and-desists.”

That’s Greg Bordenkircher, the chief litigator at the Alabama Securities Commission, describing the extent to which his state, just the 24th largest by population, has nonetheless come to play a leading role in the ongoing fight against U.S. crypto fraud.

“We’ve issued nine orders shutting down businesses that are advertising in Alabama,” he told CoinDesk. “We have another 20, 22 that we are looking at right now.”

Continue Reading on CoinDesk

Like this: Like Loading...