Floyd Mayweather and DJ Khaled settle with SEC over cryptocurrency promotions
Boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities, federal regulators said Thursday. The SEC said the charges are the first for violating rules on touting investments in so-called initial coin offerings – or ICOs – on three different cryptocurrencies.
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