The final nail in the coffin: SEC obtains final judgment on John McAfee's complaint from Oct. 5, 2020.
The United States Securities and Exchange Commission obtained the final judgment for an initial coin offering promotion scheme against, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter without disclosing that they were paid for them. Watson allegedly assisted McAfee in negotiating promotional deals with ICO issuers and cashing out the crypto payments, among other pump-and-dump charges.
“However, that such injunction shall not prevent Watson from purchasing or selling securities for his own personal accounts.” The U.S. Treasury sought input from the public to include in reporting to the president on the possible implications of digital assets on finance and payment infrastructures. Sharing his views on the matter, Nellie Liang, Under Secretary of the Treasury for Domestic Finance stated:
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