# John McAfee Taunts SEC After Agency Affirms ICO Promotion without Payment Disclosure is Fraud

The U. S. Securities and Exchange Commission (SEC) has recently indicted DJ Khaled and Floyd Mayweather and fined them because they were promoting ICOs in the country without disclosing their payments. This has caused an uproar in the community, mostly among crypto celebrities and commentators.

## The Case

It all began when the SEC decided to go after the two men last week for their involvement with ICOs. Both of them had a lot of social media followers, so they were charged with fraud for the promotion of the project without disclosing their relationship with them.

While most people started to joke after the announcement and did not take it seriously, some of the other ones spotted the original announcement made by the SEC in November 2017 that affirmed that any people promoting ICOs or securities had to disclose the nature of their relationship or could be prosecuted later.

Panic started as some ICO promoters understood that only saying “I’m being paid” was not enough. In fact, the SEC asked for a lot more information instead. With two high-profile promoters fined, panic was quick to spread and some influencers who relied on this kind of money started to get angry.

## John McAfee Did What He Always Does

Amidst a lot of people panicking and some of the others being angry with the SEC, one of the most prominent figures that decided to “fight back” was John McAfee, one of the most controversial crypto commentators on Twitter.

He tweeted that he was not slightly worried about the SEC and that it was a “corrupt, puss filled, bile dripping abcess on the fabric of America”. After that, he said that the SEC could come after him and that he would “rip a new asshole worthy of parking a tractor trailer” in the SEC. You know, just McAfee being himself in a normal day.

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