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SEC Statement on Potentially Unlawful Promotion of ICOs by Celebrities (sec.gov)
67 points by lenley 3158 days ago
1 comments
thisisit 3157 days 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

link
ringaroundthetx 3157 days 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.

link