Lindsay Lohan and Jake Paul Are Among The Eight Celebrities Charged With Illegally Promoting Crypto Without Saying They Were Paid To Do So

Posted on AllSides March 23rd, 2023
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Jamie Mccarthy / Getty Images for Christian Siriano

The US Securities and Exchange Commission has filed charges against eight celebrities, including actor Lindsay Lohan and social media influencer Jake Paul, for promoting crypto assets without disclosing that they were paid to do so.

In a press release Wednesday, the SEC said Lohan and Paul advertised crypto asset securities Tronix (TRX) and BitTorrent (BTT) without revealing that they were compensated or how much they were paid. Musicians Soulja Boy, Austin Mahone, Lil Yachty, Ne-Yo, and Akon, as well as porn actor Kendra Lust, were also charged. 

Soulja Boy and...

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