Lil Yachty, Soulja Boy and Akon Charged With Crypto Violations
[ad_1] Lil Yachty, Soulja Boy and Akon are among the celebrities who have been hit with crypto violations by the U.S. Securities and Exchange Commission.On Wednesday (March 22), the SEC put out a press release charging crypto asset entrepreneur Justin Sun and his three companies, Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc. (formerly BitTorrent), of "the unregistered offer and sale of crypto asset securities." The release also names eight celebrities including Lil Yachty, Soulja Boy and Akon as being charged with illegally promoting TRX and/or BTT "without disclosing that they were compensated for doing so and the amount of their compensation.""This case demonstrates again the high risk investors face when crypto asset securities are offered and...