American Actor Steven Seagal Pays $350,000 To SEC For Unlawfully Participating In An ICO

The Securities and Exchange Commission has charged Steven Seagal for unlawfully participating in an initial coin offering (ICO). The popular Hollywood actor has ultimately agreed to pay over $350,000 for violating the anti-touting law.

SEC Fines Seagal

The ICO bubble of 2017 and 2018 raised concerns among some world regulators, including the SEC. The U.S. watchdog warned back then that tokens sold as initial coin offerings (ICOs) may be securities. Ever since then, the Commission has been eagerly looking over on the matter, and Steven Seagal recently felt the impact.

A document disclosed yesterday informed that SEC settled charges with the American actor. During the bubble, he was promoting an ICO conducted by Bitcoiin2Gen (B2G). Seagal advertised the upcoming token on his public social media accounts, encouraging his fans not to “miss out” on the opportunity. Read More...