Steven Seagal caught by the SEC for touting Bitcoiin2Gen

The actor Steven seagal is the latest celebrity accused of promoting a cryptocurrency – who prided himself on being "the new Bitcoin – without specifying that he was paid to do so.

In spring 2018, Steven seagal, an actor and martial arts expert known for playing in several blockbuster movies like Hard to Kill, was promoting a ICO, a fundraising in cryptocurrency, for the project Bitcoiin2Gen.

The Security of Exchange (SEC) from the United States announced yesterday that it has settled the prosecutions, hitherto kept private, against the actor, reports CNBC.

The American stock market policeman accused him of not having disclosed that he had received $ 250,000 in cash and $ 750,000 in tokens Bitcoiin2Gen (B2G) to promote it.

Seagal has agreed to pay $ 314,000, corresponding to the amount he received ($ 157,000 actually) plus a fine of the same amount.

Through his social networks, the 67-year-old American actor, now also a Serbian and Russian citizen, called on his fans to "not miss" the Initial Coin Offering of Bitcoiin2Gen. A press release issued shortly before the ICO was even titled " Zen Master Steven Seagal became the ambassador for Bitcoiin2Gen ".

Investors were entitled to know that Seagal had received payments in order to make the right decision. The celebrities are not allowed to use their influence on social media to sell titles without properly disclosing their earnings, ”said Kristina Littman of the SEC.

In the past, other stars, like the boxer Floyd Mayweather and the producer DJ Khaled, were also sued by the SEC for similar facts.