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

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.

Netflix Pulls Plug On "House Of Cards" Next Season After Kevin Spacey Sex Scandal

Just as Frank Underwood's Washington tenure is coming to an end, so does the career of the man who plays him, Kevin Spacey.

In the aftermath of today's allegations of unwanted sexual advances in 1986 by Kevin Spacey against a then-teenage Anthony Rapp, Netflix has decided to pull the plug on House of Cards after the upcoming sixth season next year, Deadline reported.

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