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SEC Charges Celebrities in Crypto Scheme

source-logo  barrons.com 22 March 2023 18:15, UTC

The Securities and Exchange Commission charged crypto asset entrepreneur Justin Sun and three of his companies with the unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT).

The SEC also charged Sun and his companies for paying eight celebrities and social media influencers to tout TRX and BTT without telling their fans and followers that they were being paid to do soand how much they were being compensated, as required.

barrons.com