U.S. SEC reaches settlement with actor Steven Seagal suspected of participating in ICO promotion

The U.S. Securities and Exchange Commission (SEC) today announced a settlement with actor Steven Seagal, who has been accused of failing to disclose the payments he received to facilitate Bitcoin2Gen (B2G) ICO. The SEC ruled that Seagal violated anti-selling provisions of the federal securities laws. Seagal neither acknowledged nor denied the SEC's findings, but he agreed to pay a fine of $ 157,000, which was the sales money he actually received, plus pre-judgment interest and a fine of $ 157,000. In addition, Seagal agreed not to promote any digital or other securities for three years.