Floyd Mayweather, DJ Khaled charged by SEC for pumping crypto

SEC fines Floyd Mayweather, DJ Khaled for pumping crypto ICOs

The U.S. Securities and Exchange Commission is making an example out of boxer Floyd Mayweather and rapper DJ Khaled. The SEC announced on Thursday it has settled charges against both celebrities for “unlawfully touting” initial coin offerings (ICOs). The main issue: Mayweather and Khaled did not disclose payments they received for promoting the ICOs on their social media accounts.