SEC charges multiple celebrities, including Justin Sun and Lindsay Lohan, for crypto violations

The SEC has filed civil charges against Tron founder Justin Sun and eight celebrities, including Lindsay Lohan, Jake Paul, and Soulja Boy, for market manipulation and the unregistered offer and sale of securities by dealing with his crypto assets TRX and BTT. The celebrities who touted the coin are being charged with not disclosing that they were being paid to do so and how much money they got. Sun held unregistered “bounty programs” that would ask users to promote BTT and TRX on social media, as well as encouraged users to recruit others to its Discord and Telegram channels.