Actor Steven Seagal is the latest celebrity to be punished by the Securities and Exchange Commission for failing to disclose that he was being paid to promote an initial coin offering launched by Bitcoiin2Gen. Seagal, 67, the martial artist and star of films like "Above the Law" and "Hard to Kill," was promised $250,000 in cash and $750,000 worth of Bitcoiin2Gen tokens for promoting the ICO, the agency said in a Thursday press release. The actor used social media posts to urge fans not to miss out on the offering, the SEC said.
