Celebrities Charged by SEC for Crypto Scheme Involving Dogetti, Dogecoin, and Shiba Inu: Advancement Continues
The Securities and Exchange Commission (SEC) has charged celebrities, including Lindsay Lohan, Jake Paul, and Ne-Yo, for violating laws by promoting cryptocurrencies like TRX and BTT without revealing they were paid promoters. This was part of a bigger set of allegations against cryptocurrency entrepreneur Justin Sun for selling BitTorrent and Tronix (TRX) securities without registration. Meanwhile, meme cryptocurrencies like Dogecoin, Shiba Inu, and Dogetti are gaining popularity among investors. Dogecoin’s value peaked at $0.69 in May 2021 after Elon Musk’s tweet, and it is currently trading at about $0.07. With a market cap of $10.80 billion, Dogecoin has a devoted following and potential for long-term investment. Differently, Shiba Inu’s value is currently at $0.00001069, but its popularity has grown due to the meme-based cryptocurrencies’ increase and passionate community for the token. Meanwhile, Dogetti is the most recent ERC-20 token made on the Ethereum network, and its presale has raised $633,626 so far. The smart contract for Dogetti was thoroughly audited by various companies, and it has strong ecosystem and long-term growth and development goals. The community, known as the “Dogetti family,” has the right to steer the project’s course and earn rewards for their concerted efforts. However, retail investors must be aware that investing in crypto assets is unregulated, and the total amount invested might be lost.