RT @CryptoDonAlt: https://t.co/UgJLYFxaow
“Any celebrity [...] who promotes a [...] coin that is a security must disclose the nature, scope, and AMOUNT of compensation received in exchange for the promotion,”
[...] failure to disclose compensation is considered a fraudulent activity.
RT @MoonOverlord: “SEC’s Next Move: Social Media Influencers Who Promoted Crypto ICOs”
I’m personally glad this is happening, will pave the way for transparent and clear partnerships / advertisements in the future.
No more grey lines or sketchy shills.
“We don’t believe Bitcoin is a security. Many of the ICOs that you see and you talk about, they are securities. And if you’re going to offer or sell securities, you have to do so in compliance with our laws. We’ve been clear about that, the recent actions further emphasized that our securities laws to apply to the ICO space, and if people are going to raise money using initial coin offerings they either have to do so in private placement or register with the SEC.”
So does it mean that, they will allow them to promote ICOs once they get approved by the laws?
netstrongCrypto God | VEN: 63 QC | CC: 43 QC1 year ago
Yes and they wont be able to sell to unqualified investors because these will be like tokenised company shares
Any links to potential info on this? If he has been paid in crypto to shill coins (and I know he has), it seems it would be easy for them to trace it to his account, right? Unless it was a privacy coin like Monero?
Ya, idk if Verge or Walton had an ICO but all three definitely paid shills. VeChain is the most centrally marketed get rich quick coin in crypto. I wonder if the SEC will have anything to say about them.