Express

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

Last Update:

Tags: ,,,
Link: Actor Steven Seagal Has Settled 'Bitcoiin' ICO Endorsement Disclosure Charges With SEC   [Copy]
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 3 hours ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 3 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 7 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 9 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 11 days ago
  • You need to login to comment.