Is Velo FDA approved?

Could you elaborate on the query "Is Velo FDA approved?" Specifically, I'm wondering if you're referring to a medical device, drug, or perhaps a cryptocurrency product named "Velo" that might require approval from the Food and Drug Administration (FDA). If it's a medical product, then typically, the FDA evaluates products for safety and effectiveness before they can be marketed to the public. However, if "Velo" refers to a cryptocurrency or financial product, it's important to note that the FDA does not regulate or approve such products. Cryptocurrencies and related financial products fall under the jurisdiction of other regulatory bodies, such as the Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission (CFTC). Clarifying this distinction would help provide an accurate response to the question.