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NBA Hall of Famer reaches crypto settlement with SEC

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NBA Hall of Famer Paul Pierce agreed to a $1.4 million settlement with the Securities and Exchange Commission related to cryptocurrency.

The SEC charged Pierce with making false and misleading promotional statements about EthereumMax.

Pierce also allegedly failed to disclose the $244,000 payment in tokens he received for marketing the currency on social media.

Read more from Engadget.

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