Cryptocurrency News: SEC sends warning to Coinbase; cracks down on unregistered sales, celebrity promotions. Bitcoin holds $27,500.
A federal jury has found a former Puerto Rican mayor guilty of bribery, extortion and conspiracy in the U.S territory’s latest government corruption case. Ángel Pérez Otero, who was mayor of the northern city of Guaynabo and president of Puerto Rico’s Mayors’ Federation, was released on bail after the verdict in U.S. District Court court late Wednesday.
The SEC also accused Lil Yachty, Ne-Yo, Kendra Lust, Soulja Boy, Austin Mahone and Akon of promoting cryptocurrencies without disclosing they were paid for it.