The charges against him center on his promotion of EthereumMax (EMAX) coins.
After obtaining $244,000 worth of EMAX tokens, Paul Pierce advertised them on Twitter.
On Friday, the US Securities and Exchange Commission (SEC) charged ex-NBA star Paul Pierce with crypto breaches. The charges against him center on his promotion of EthereumMax (EMAX) coins on social media without providing the necessary context. The SEC said the ex-player made deceptive claims in a promotion for EMAX. Penalties, disgorgement, and interest totaled $1.409 million, which Pierce paid to resolve the allegations.
The main accusation is that after obtaining $244,000 worth of EMAX tokens, Paul Pierce advertised them on Twitter. According to the SEC’s statement, he failed to disclose to the public that he had been compensated in tokens for his promotion. SEC Chair Gary Gensler called the charges a message to celebrities. Saying that influencers should be transparent about any remuneration they get for pushing crypt
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