The U.S. government previously rescinded the Biden administration's advice to approach such investments with extreme caution.

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The group's coin was created the day before the first incident, and as of Thursday, its worth had nearly tripled in one week.

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A spokesperson said that the two people who were arrested for two of the six incidents were not affiliated with the group.

When it comes to scams, we often say pause. Take a second and think about it. That’s exactly what these new laws do.

Cryptocurrency group Ripple has agreed to buy a stablecoin platform for $200mn as investment in the digital token sector accelerates thanks to US government support.