Federal Trade Commission

Appeals Court Reinstates Fired FTC Commissioner Slaughter

Appeals Court Reinstates Fired FTC Commissioner Slaughter

A federal appeals court has ruled that Rebecca Kelly Slaughter, a Federal Trade Commission (FTC) commissioner removed by President Donald Trump earlier this year, can be temporarily reinstated. The decision marks a significant setback for Trump’s effort to curb the power of independent federal regulators.

Slaughter, along with fellow Democratic commissioner Alvaro Bedoya, was fired by Trump in March. In July, a district court ordered Slaughter’s reinstatement, but the Justice Department quickly secured an emergency stay blocking that move. On Tuesday, the appeals court lifted the stay in a 2-1 ruling and also rejected the administration’s request to accelerate the …

Global Cryptocurrency Scams Sees 46,000 Lose Over $1bn

Global Cryptocurrency Scams Sees 46,000 Lose Over $1bn

Reports have shown that more than 46,000 people have reported losing over $1 billion in cryptocurrency scams since the start of 2021. This report was compiled by the Federal Trade Commission (FTC)  on Friday.

Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform, according to the FTC.

The craze for cryptocurrencies was at a fever pitch last year with bitcoin hitting a record high of $69,000 in November.

Read Also: India Announces Bill To Ban Cryptocurrencies

Reports point to social media and …