THELOGICALINDIAN - It appears the canicule of John McAfee announcement antecedent bread offerings ICOs are over In a cheep on June 18 2024 McAfee appear his accommodation to no best assignment with ICOs
McAfee’s cheep was a acknowledgment to a catechism airish by one of his followers, allurement him to acclaim a applicable ICO investment. McAfee responded by advertence he would no best advance any ICO “due to SEC threats.” He warned others still announcement and acknowledging ICOs that they were risking arrest in accomplishing so.
This latest development is a aftereffect to McAfee’s June 14 cheep on the SEC’s labeling of ICO tokens as securities. While able that he would action the Commission “with every aftermost breath,” McAfee did say that he would abide to the law.
Earlier in June, he challenged SEC chairman, Jay Clayton, to a agitation over the cachet of ICO tokens.
The SEC ahead issued warnings to celebrities who endorse cryptocurrency ICO projects. According to the authoritative agency, such endorsements ability be actionable — abnormally in the absence of abounding acknowledgment of direct/indirect advantage on the allotment of the celebrity in question.
During the ICO bang of 2017, celebrity endorsement of ICOs became a approved affection amid cine stars and musicians. Figures like amateur Jamie Foxx, music ambassador DJ Khaled, and boxer Floyd Mayweather offered their endorsements to assorted ICO projects. In April, the SEC indicted the founders of the DJ Khaled and Floyd Mayweather-backed ICO with fraud.
McAfee additionally appear in the cheep that he was currently autograph an commodity on a new cryptocurrency fundraising paradigm. According to him, the SEC will be clumsy to “touch” this new ICO alternative.
Predicting prices and announcement projects were the two capital focal credibility of McAfee’s captivation in the industry. Reports emerged beforehand in the year that the internet aegis able and cryptocurrency enthusiast was charging six-figure sums for ICO endorsement tweets. McAfee would after affirm the adventure adage that he answerable $105,000 per tweet. In the May, this amount had risen to $500,000.
Despite actuality a polarizing and arguable figure, McAfee is a above amount aural the industry. According to his “cryptocurrency team,” McAfee’s ICO endorsement tweets are prolific, with alone one cheep able of alluring millions of dollars in investments.
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Image address of Twitter/@officialmcafee, Shutterstock.
