Maryland State Government Participating in Operation Cryptosweep
Ana Alexandre's original article for cointelegraph.com reduced by 50%
The Attorney General of Maryland announced that the state is participating in Operation Cryptosweep. Maryland Attorney General Brian E. Frosh announced that state regulators would be participating in the initiative in a press release published on Aug.
14. Operation Cryptosweep is a joint initiative of state and provincial securities regulators in the United States and Canada, wherein they launched probes into potentially fraudulent or noncompliant crypto investment programs. The initiative targeting suspicious crypto investment products is reportedly the largest such coordinated investigation by state and provincial officials.
In the press release, Frosh revealed that the Maryland Securities Division is participating in the operation. In the course of their investigations, regulators ostensibly had come upon numerous crypto-related activities that may constitute a violation of state and provincial securities laws. The purpose of the task force is purportedly to study blockchain solutions for the benefit of the state.
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