OpenVPP has come under fire for allegedly misrepresenting a partnership with the US government to promote energy tokenization. On-chain investigator ZachXBT highlighted the issue, prompting SEC Commissioner Hester Peirce to clarify that the SEC does not collaborate with or endorse any private cryptocurrency projects. Following Peirce's statement, OpenVPP reportedly concealed the response. The project has also been promoted by several crypto influencers, whose involvement has raised questions about the authenticity of their endorsements.
OpenVPP Faces Scrutiny Over False US Government Collaboration Claims
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