Actor Steven Seagal started supporting the “Bitcoiin” cryptocurrency last year as the new token’s brand ambassador. Now that relationship is over, as Bitcoiin posted a statement today that Seagal and the unnamed founders of the coin were walking away from the project since the token sale has ended.
“From this point on Bitcoiin will function within its ecosystem and become a genuinely anonymous currency with no individual or individuals having control over the entity!”
the postdeclares. Bitcoiin has been a dubious coin since its launch and this mysterious exit, which removes the only recognizable figure associated with the coin — Steven Seagal — doesn’t help. It’s also unknown how much money the ICO raised, although Bitcoiin said it exceeded its $75 million goal at least.
On March 7th, regulators in New Jersey sent Bitcoiin founders
a cease-and-desist order, saying that the founders had never registered to sell securities in the state. Authorities on the federal and state level have been
cracking down on cryptocurrencies in recent months, especially on initial coin offerings (ICOs), which
the SEC has categorized as a securitysubject to regulation. SEC chairman Jay Clayton admitted in February that that zero ICOs had registered with the SEC as of yet, even though some sites estimate that
ICOs raised nearly $4 billion last year.
