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Soulja Boy, Lil Yachty, Akon and more charged for “illegal” cryptocurrency promotions
Lil Yachty and Soulja Boy are among celebrities facing charges after being accused of promoting crypto assets, without disclosing that they were paid to do so.The action was taken following an ongoing investigation into crypto company owner, Justin Sun – launched by the Securities And Exchange Commission. Here, eight celebrities were found to be illegally boosting crypto assets, without disclosing payment.“While we’re neutral about the technologies at issue, we’re anything but neutral when it comes to investor protection,” said director of the SEC’s Division Of Enforcement, Gurbir S.