SEC Statement on Potentially Unlawful Promotion of ICOs by Celebrities

SEC Statement on Potentially Unlawful Promotion of ICOs by Celebrities(sec.gov)

67 points by lenley 8 years ago | 2 comments

thisisit 8 years ago |

I was wondering when this was going to land, specially after the report on "Money" Mayweather and Centra: https://news.ycombinator.com/item?id=15576102

Now the question is - What is the SEC's bottom line to start pursuing some kind of investigation or indictment?

The only action till now, as far as I know has been one of the outright frauds: https://news.ycombinator.com/item?id=15370631

ringaroundthetx 8 years ago | |

> The only action till now, as far as I know has been one of the outright frauds

Thats what they typically do and there are bigger fish to fry

https://www.sec.gov/litigation/litreleases.shtml

https://www.sec.gov/litigation/admin.shtml

https://www.sec.gov/divisions/enforce/friactions.shtml

Their mandate isn't to maintain the social and economic order like a verbatim press release from the Communist Party of China, their mandate is investor protection. They have tools and a wide degree of discretion, and that doesn't usually mean crashing market sentiment.