John McAfee Blasts SEC Over Mayweather, DJ Khaled Case

Dec 06, 2018 at 23:12

John McAfee, promoter of several initial coin offerings today, has disparaged the Securities and Exchange Commission (SEC) in the US for the regulators decision to impose “lawless” fines against boxer Floyd Mayweather and music producer DJ Khaled.

John McAfee took to Twitter his anger, describing in a post the SEC as a “corrupt, puss filled, bile dripping abcess on the fabric of America,” taunting the Commission to “come for me.”

In a later tweet, he described the fines it imposed on Mayweather and Khaled as “lawless”, and insisted “the money must be returned.”

“The war with the power hungry, corrupt agencies within our government is on. The SEC asserts that it can interfere with cryptocurrency and its financial dealings. It cannot. The fines against @FloydMayweather and @djkhaled were lawless actions. The money must be returned,” he wrote.

The SEC slapped Mayweather and Khaled with a fine of over $750,000 for their alleged social media promotion of a firm called Centra Tech which was found to be a fraud.

Khaled and Mayweather were also banned from promoting any ICO activities or digital tokens in the next two and three years respectively.

The SEC currently has jurisdiction over securities, but not directly over cryptocurrencies although it may categorize some digital tokens as securities.