SEC, ParagonCoin Limitedviolated securities laws by failing to submit the required periodic reports.
More The GameAmerican rapper known as Jayceon Terrell Taylor‘s crypto venture ParagonCoin ‘s license has been revoked by the SEC. The license of ParagonCoin Limited, a crypto firm focused on the marijuana industry, was revoked after the allegations against the company were verified and the firm was found to be in default. SEC proceedings against the company 2022launched in February. SECAccording to the report by ParagonCoin 2018‘also 10 million dollarsdamaged on it.
The Company Has Breached The Law Before
SEC, the company SEC He said he ignored the letter of default on periodic reports submitted by his division. In addition, the SEC has declared that the crypto initiative February 2022He pointed out that he did not respond to the order to initiate a trade in .
Taylorand other managers of the team, 2021 He was found jointly liable for just over $12 million in a class action lawsuit filed in 1999. The case, the attempt 2017in the year $70 millionalleged that he violated the securities law in conducting the initial token offering.
And also, The Game While he didn’t succeed in crypto, Snopp Dogg became the face of Web3. The legendary rapper announced multiple partnerships in the Web3 space and recently Shillera named Web3announced as the co-founder of the live broadcasting platform.
