• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Market

SEC Notifies Crypto-Friendly Celebrities, Fines NBA Legend Paul Pierce $one,400,000 for EthereumMax Hook

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The United States Securities and Exchange Commission (SEC) has taken observe of celebrities who assistance cryptocurrency tasks.

The regulator announced on Friday that it has filed a lawsuit towards retired NBA legend Paul Pierce for plugging in EthereumMax (EMAX), a venture that aims to make a decentralized finance (DeFi) platform that can Scaling on the Ethereum (ETH) platform.

Related articles

Richard Heart's trial postponed until next year

Richard Heart’s trial postponed till upcoming 12 months

November 27, 2023
BlackRock has turned to the SEC to negotiate a Bitcoin ETF conversion mechanism

BlackRock has turned to the SEC to negotiate a Bitcoin ETF conversion mechanism

November 23, 2023

The SEC mentioned Pierce touted EMAX tokens without having disclosing the payment he obtained for the promotion and produced “false and misleading promotional statements” about crypto assets large volatility. The regulator mentioned Pierce agreed to settle the fees and spend a $one.41 million fine.

SEC Chairman Gary Gensler took the chance to warn celebrities that they could be charged shillings for crypto tasks if they do not disclose promotional payments.

“This situation is a different reminder for celebrities: the law demands you to disclose to the public who and how a lot you are paid to advertise investments in stocks, and you are unable to say deceive traders when marketing securities. As celebrities endorse investment possibilities, like crypto assets, traders ought to thoroughly investigate irrespective of whether this kind of investments are suitable for them and they ought to know why. Why do celebrities make these suggestions?

In late 2022, a US judge dismissed a class-action lawsuit alleging that lots of celebrities, like Pierce, fraudulently advertised EthereumMax. However, the judge mentioned in this situation, the defendants could amend their declare and reinstate the situation.

EMAX is well worth it $.000000001015 at press time, 99% beneath its all-time large.

Don’t Miss – Sign up to acquire crypto electronic mail alerts straight to your inbox

Check price tag action

Follow us at TwitterFacebook and telegram

Surfing Hodl combine day-to-day

Image produced: Midway as a result of the journey

Coin Invest

Tags: celebritiescryptofriendlyEthereumMaxfineshooklegendNBANotifiesPaulPierceSEC
Share76Tweet47

Related Posts

Top 3 prominent AI cryptocurrencies in the week of January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (BUZZ), BOTIFY and Freya (FREYA) are the top AI coins this week. BUZZ is up 58% in the...

Top 3 cryptocurrencies AI stand out in January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (Buzz), Botify and Freya (Freya) are the top AI currencies this week. Buzz has increased by 58% in...

The crook attacks the former Brazilian TT account to promote the cryptocurrency

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

The crook attacks the former Brazilian TT account to promote cryptocurrencies

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

Solana Price Increases 21%, Surpassing Sony In Market Capitalization

by Kishu Inu
January 24, 2025
0

Solana (SOL) price is up 8% in the past 24 hours and 21% in the past week, with a market...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Stablecoin Activity Peaks with 33.1M Active Addresses in May
  • CoinShares Reports Strong $286M Inflows into Digital Assets
  • Tether Excluded from Juventus Capital Raise
  • Hackers Impersonate Security Firms to Steal Crypto Keys
  • Altcoin Market Poised for Potential Bullish Rally
  • US Sells Seized Bitcoin, Faces Significant Financial Losses
  • IG Group Launches Retail Crypto Trading in UK
  • Flare Token Surges Amid XRP Integration Announcement
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7