SEC Targets Celebrities and Influencers in Next-Wave of ICO Crackdown
By: Samantha Joule Fow
The U.S. Securities and Exchange Commission (SEC) recently announced it settled yet another charge in the crypto market enforcement crackdown that it kicked off earlier this year. The charge at issue in the case — a failure to disclose payments received for promoting investments in initial coin offerings (ICOs) — was no real surprise. But what makes this case unique is that it was brought against two well-known celebrities: professional boxer Floyd Mayweather Jr. and music producer DJ Khaled.