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Actor Steven Seagal Has Settled 'Bitcoiin' ICO Endorsement Disclosure Charges With SEC

Ramsey Baker

Summary: Former action movie star Steven Seagal has settled charges with the U.S. Securities and Exchange Commission (SEC), over allegedly failing to disclose payments he received in connection with an initial coin offering (ICO). Seagal notably promoted a cryptocurrency called Bitcoiin (B2G) in early 2018. Bitcoiin's backers were promised "considerable profit from holding Bitcoiin (B2G)" in ...

Former action movie star Steven Seagal has settled charges with the U.S. Securities and Exchange Commission (SEC), over allegedly failing to disclose payments he received in connection with an initial coin offering (ICO).

Seagal notably promoted a cryptocurrency called Bitcoiin (B2G) in early 2018. Bitcoiin's backers were promised "considerable profit from holding Bitcoiin (B2G)" in relation with a staking scheme. Seagal's role as a promoter was said to end once the ICO was complete.

By Ramsey Baker

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