(Bloomberg) — Hollywood actor Steven Seagal became the latest celebrity punished for failing to disclose that he was being paid to promote a digital coin as part of U.S. regulators’ ongoing crackdown on token offerings.Seagal, a 67-year-old action star who appeared in films such as “Under Siege” and “Above the Law,” was promised $250,000 in cash and $750,000 worth of tokens for touting an initial coin offering from a company called Bitcoiin2Gen, the Securities and Exchange Commission said in a Thursday statement. In social media posts, Seagal urged fans not to miss out on the token offering. A press release …read more
Source:: Yahoo Finance
