, and six other celebrities were charged by the US Securities and Exchange Commission for touting cryptocurrencies on social media without disclosing that they were paid to do so.
The case is one of several from the enforcer of US rules on the financial markets that has stepped up its crackdown on cryptocurrencies since the spectacular collapse of industry leader FTX at the end of last year. "This case demonstrates again the high-risk investors face when crypto asset securities are offered and sold without proper disclosure," said SEC Chair Gary Gensler in a statement.
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