California fraud cases highlight the need for a regulatory crackdown on crypto

Recent cases involving crypto fraud serve as a timely reminder to do your own due diligence until regulators take more action. If something sounds too good to be true, it probably is.
Source: California fraud cases highlight the need for a regulatory crackdown on crypto (https://cointelegraph.com/news/california-fraud-cases-highlight-the-need-for-a-regulatory-crackdown-on-crypto)
Would appreciate your opinion about this