McAfee Unfazed After SEC Says Promoting ICO Without Disclosing Pay is Fraud9.39

The impassioned crypto community on Twitter, specifically prominent commentators and analysts, took up arms over the weekend, as the U.S. Securities and Exchange Commission (SEC)’s indictment of DJ Khaled and Floyd Mayweather became an industry flavor of the month. But why?

Per previous reports from NewsBTC, last week, the SEC kicked the initial coin offering (ICO) subset of crypto assets while it was already writhing, name-dropping DJ Khaled and Floyd Mayweather, two hotshot celebrities with jaw-dropping social media followings, in a crypto-related case. The American governmental organization, somewhat infamous for its involvement in the cryptosphere, fined Khaled and Mayweather for promoting blockchain projects, coupled with their subsequent failure to publicly disclose their business relationships, which were predicated on undisclosed promotions.

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