The SEC charges Tron founder Justin Sun and celebrities like Lindsay Lohan and Jake Paul in crypto lawsuit
Federal regulators just sued crypto entrepreneur Justin Sun and three of his companies including Rainberry Inc. and Tron Foundation over how they sold the crypto tokens Tronix and BitTorrent.
The SEC also said the celebrities it charged promoted crypto assets without making it clear they were being paid. The agency said that Sun told an employee at his company"to ensure that those celebrities did not disclose the fact that they were paid to tout the tokens," according to its complaint.
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