Sorry, Paris: SEC Warns Celebrity Endorsements Of ICOs Could Be Illegal

The SEC’s crackdown on ICOs has finally brought it to Hollywood.
The agency - which in a ruling issued over the summer legally qualified ICOs as securities - said today that celebrities who endorse token sales might be violating so-called “anti-touting” laws if they don’t state what compensation they received, if any.
As we’ve pointed out numerous times, celebrity endorsements of ICOs have become something of a punchline in recent months as Floyd Mayweather, Paris Hilton, Jamie Foxx, Dennis Rodman and many, many others have embraced the trend.