Hawk Tuah lady Hailey Welch, recognized for her affiliation with the controversial $HAWK token, has been cleared of any wrongdoing after a prolonged investigation by the U.S. Securities and Trade Fee (SEC). The SEC has determined to not press fees in opposition to Welch in reference to the speedy rise and subsequent collapse of the meme-based cryptocurrency.
US SEC Investigation Into Hawk Tuah Lady Concludes With out Costs
The SEC had launched an investigation into the $HAWK token after its dramatic value drop. The token, which was linked to Welch’s viral persona, initially noticed a market cap surge to $490 million earlier than crashing by over 90%. Buyers who have been impacted by the crash filed a lawsuit in opposition to these behind the undertaking, alleging that the coin had been promoted and bought with out correct registration.
Hawk Tuah lady Hailey Welch, who cooperated absolutely with the investigation, expressed reduction after the SEC’s choice. “For the previous few months, I’ve been cooperating with all of the authorities and attorneys, and eventually, that work is full,” Welch advised TMZ.
Her legal professional, James Sallah, confirmed that the SEC had closed the case with none findings in opposition to her, including that there could be no financial sanctions or restrictions on Welch’s future involvement in cryptocurrency or securities.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Identified for his incisive evaluation and insightful content material, he possesses a powerful command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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