The U.S. SEC sues two cryptocurrency consulting firms and their owners

According to Chain Catcher news, CoinDesk reported that the U.S. Securities and Exchange Commission (SEC) filed a lawsuit on Thursday against two crypto advisory firms and their owners for allegedly misappropriating investor funds that they promised to invest in digital assets. The charges filed in the Manhattan federal district court state that Creative Advancement LLC and Edelman Blockchain Advisors LLC, along with their owner Gabriel Edelman, raised $4.3 million by providing and selling securities to four investors through the use of "false and misleading statements." (Source link)