RATE Group | SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitc…
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SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitc…

28 Feb SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitc…

Posted at 06:57h in Bitcoin News by

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SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin

The U.S. Securities and Exchange Commission (SEC) has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be “the next generation of bitcoin.” Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen, or B2G, for marketing its token offering, such as on Twitter and Facebook.

Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin

SEC Charges Stevel Seagal for Unlawful Crypto Promotion

The SEC announced Thursday that it has settled charges against Hollywood actor and producer Steven Seagal over his promotion of a cryptocurrency investment product. The SEC explained that Seagal “touted on social media a security that was being offered and sold in an initial coin offering (ICO) without disclosing that the issuer was paying him for the promotions.” The offering was conducted by Bitcoiin2gen, also known as B2G. Noting that the actor violated the…

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