The FTC Doesn’t See the Distinction Between Crypto and LuLaRoe

 The FTC Doesn’t See the Distinction Between Crypto and LuLaRoe



The U.S. Federal Commerce Fee (FTC) on Oct. 26 despatched what’s often called a “Discover of Penalty Offense” to a couple of thousand corporations, together with the crypto exchanges Blockchain, Gemini, U.Okay.-based Bixo, and different fintech and crypto companies. The notices, which warn companies to not overstate the earning potential of investments or enterprise alternatives, have been additionally despatched to numerous gig-work platforms, multi-level advertising and marketing companies (MLMs) and franchise corporations, all of which may typically resemble exploitative pyramid schemes, and sometimes depart would-be entrepreneurs feeling duped.



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