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  • Benzinga

    'Above The Law' Actor Steven Seagal Settles With SEC Over ICO Promotion

    Actor Steven Seagal is the latest celebrity to be punished by the Securities and Exchange Commission for failing to disclose that he was being paid to promote an initial coin offering launched by Bitcoiin2Gen. Seagal, 67, the martial artist and star of films like "Above the Law" and "Hard to Kill," was promised $250,000 in cash and $750,000 worth of Bitcoiin2Gen tokens for promoting the ICO, the agency said in a Thursday press release. The actor used social media posts to urge fans not to miss out on the offering, the SEC said.

  • Benzinga

    SEC Commissioner Rekindles ICO Hopes, Proposes Safe Harbor For Token Projects

    Peirce’s plan made public at the International Blockchain Congress in Chicago on Thursday would allow ICO sales as long as they are compliant with specific rules. Peirce proposed guardrails such as companies would be required to publish information in detail about projects they want to undertake on their websites. The SEC has deemed the sale of such tokens in ICOs as an illegal sale of securities.