Floyd Mayweather and DJ Khaled settle with SEC over cryptocurrency promotions

Floyd Mayweather and DJ Khaled settle with SEC over cryptocurrency promotions

Boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities, federal regulators said Thursday. The SEC said the charges are the first for violating rules on touting investments in so-called initial coin offerings – or ICOs – on three different cryptocurrencies.