US SEC fines former NBA Star Paul Pierce $1.4M for crypto

2023-2-18 12:23

The US SEC crypto crackdown does not seem to be fizzling out any time soon. Former NBA star Paul Pierce has agreed to pay $1.4 million to settle charges levelled against him by the SEC. The charges levelled on Pierce are related to the promotion of EMAX tokens

The US Securities and Exchange Commission (SEC) on February 17 announced through a press release that it was charging former NBA star Paul Pierce for promoting cryptocurrency. The development came right on the heels of a string of fines by the SEC targeting crypto firms including the recent wells notice to Paxos for issuing Binance USD stablecoin.

In a tweet the SEC said:

“Today we announced charges against former NBA player Paul Pierce for touting EMAX tokens on social media without disclosing the payment he received for the promotion and for making false and misleading promotional statements about the same crypto asset.”

Paul Pierce agrees to settle the penalty

Paul Pierce early today has agreed to pay the $1.409 million as announced by the SEC on Friday.

The charges against Pierce were for promoting EMAX tokens on Twitter. The SEC claimed that Pierce did not disclose what he had been paid to promote the token and also went ahead to make false and misleading statements about the token.

It is reported that Pierce received $244,000 to promote EMAX tokens. He however posted a bank account with huge figures than his bank account actually had.

The law requires celebrities to disclose their payments when promoting securities. The SEC Chair Gary Gensler warned investors to be careful and do due diligence on investment opportunities including crypto assets endorsed by celebrities.

The post US SEC fines former NBA Star Paul Pierce $1.4M for crypto appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Starbase (STAR) на Currencies.ru

$ 0.0005998 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.05 %
Cегодня L: $0.0005997 - H: $0.0005998
Капитализация $0 Rank 8734
Цена в час новости $ 0.0007664 (-21.74%)

sec pierce paul crypto nba star former

Источник: coinjournal.net

sec pierce → Результатов: 37


Хэстер Пирс: Спастись от регуляторов поможет настоящая децентрализация

Комиссар Комиссии по ценным бумагам и биржам США (SEC) Хэстер Пирс предупредила об опасности «теневой централизации» в секторе децентрализованных финансов (DeFi). В беседе с основателем DeFiWatch Крисом Блеком (Chris Blec) Хэстер Пирс (Hester Pierce) сказала, что децентрализованные организации и DeFi – это новые концепции для регуляторов.

2021-8-7 18:58


The SEC Commissioner shed light on the situation with Telegram and criticized the radical approach of the authorities: insights from Singapore Blockchain Week

SEC Commissioner Hester Pierce addressed the members of the Singapore Blockchain Association at Singapore Blockchain Week Virtual Summit, where she shared her personal opinion on the situation with the Telegram Open Network and spoke about some of the details of decision-making within the US Securities Commission.

2020-7-23 21:12


Эстер Пирс раскритиковала SEC за очередное отклонение заявки на запуск ETF на биткойн

Комиссия по ценным бумагам и биржам США (SEC) снова отклонила заявку на запуск ETF на биткойн. Комиссар SEC Эстер Пирс (Hester Pierce) раскритиковала ведомство за нежелание идти в ногу со временем. На этой неделе SEC отклонила заявку на запуск биржевого торгуемого фонда (ETF) на биткойн от компаний NYSE Arca и Wilshire Phoenix. В ответ Эстер Пирс […]

2020-2-28 16:00


Эстер Пирс: «Цифровые активы когда-нибудь станут деньгами Интернета»

Выступая на саммите по криптовалютам, организованном в Нью-Йорке компанией Solidus Labs, комиссар SEC Эстер Пирс (Hester Pierce) выразила уверенность в том, что цифровые активы продолжат развитие. Пирс рассказала, что смотрит на криптовалюты и другие цифровые активы как на «транзакционные механизмы».

2019-9-27 12:30


Фото:

SEC Commissioner Asks Gov’t to Amend Regulation For Bitcoin ETF, ICOs

Whether or not financial innovations like Bitcoin could fit inside the parameters of old-school laws became the central point of Hester Pierce’s recent keynote. The U. S. Securities and Exchange Commission (SEC) Commissioner, while speaking at the University of Missouri School of Law, recognized that blockchain-based decentralized networks do not fit “neatly” within their securities framework.

2019-2-11 21:30


SEC Comm. Hester Pierce Hopes Her Dissent Will Shed Some Lights on The Next Crypto ETF Application

After publishing a letter in which she publicly expressed her disagreement with the SEC’s decision to deny the Winklevoss brothers’ request for a bitcoin ETF, Hester Peirce became famous in the crypto -verse as the only SEC Commissioner to have the courage to reflect the hodlers’ feelings about the legitimacy of cryptocurrency and its viability […] The post SEC Comm.

2018-8-3 22:00


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto.com drops SEC lawsuit after Trump meeting

Crypto. com has withdrawn its lawsuit against the U. S. Securities and Exchange Commission, which contested the agency’s jurisdiction over specific digital assets. This decision comes after a meeting between Crypto.

Crypto-skeptic and SEC boss Crenshaw axed from Senate renomination

The U.S. Senate has abandoned the renomination hearing for anti-crypto Democratic SEC Commissioner Caroline Crenshaw. Outgoing Securities and Exchange Commissioner Caroline Crenshaw will not be renominated to her position following a decision by the Senate Banking Committee. The hearing to…

Бывший премьер-министр Таиланда Таксин Чиннават: Нужно продолжать эксперименты с криптоактивами

Бывший премьер-министр Таиланда Таксин Чиннават призвал власти продолжать эксперименты с цифровыми активами в рамках нормативной песочницы, чтобы не отставать в этой сфере от других стран.

French Hill voted in to chair US House Financial Services Committee next year

Hill won after a second round vote, beating three other crypto-friendly Republicans Current Chair Patrick McHenry is retiring in on January 25, 2025 Hill has championed several crypto bills, including legislation to regulate digital assets Crypto-friendly French Hill will take over as Chair of the US House Financial Services Committee in next year’s new Congress.

Vote postponed to renominate SEC commissioner Caroline Crenshaw

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw” The vote was postponed minutes before it was due to begin by Brown No date has been set for Crenshaw’s renomination A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been […] The post Vote postponed to renominate SEC commissioner Caroline Crenshaw appeared first on CoinJournal.

Верховный суд США отклонил апелляцию Nvidia о закрытии иска криптоинвесторов

Верховный суд США отклонил апелляцию производителя чипов Nvidia о прекращении коллективного иска, поданного криптоинвесторами в 2018 году. Жалоба связана с майнингом — истцы утверждают, что компания вводила акционеров в заблуждение.