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


The U.S. Federal Trade Commission (FTC) on Oct. 26 despatched what’s referred to as a “Notice 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 corporations. The notices, which warn companies to not overstate the earning potential of investments or enterprise alternatives, had been additionally despatched to a lot of gig-work platforms, multi-level advertising corporations (MLMs) and franchise corporations, all of which may generally resemble exploitative pyramid schemes, and usually depart would-be entrepreneurs feeling duped.