Jake Paul Pays $100,000 Fine for Crypto Disclosure Fee Violation
Social media boxer Jake Paul has paid $100,000 in fines for violating crypto disclosure rules.
Back in March 2022, ‘The Problem Child’ was paid $25k to promote Tronix, a cryptocurrency token. As revealed by the Securities and Exchange Commission, Paul has now been charged a large sum for not disclosing that it was a paid promotion.
Interestingly, Jake Paul isn’t the only one charged with misdemeanors. Lindsay Lohan, Soulja Boy and several other celebrities have also been charged by the Securities and Exchange Commission with violating disclosure rules.
The Securities and Exchange Commission has also announced that it is suing Justin Sun, the founder and owner of Tronix, and three of his companies for failing to properly register their crypto securities, manipulating the markets and failing to disclose paid celebrity relationships.
Jake Paul’s MVP reveals offer made to KSI for December 2023 fight
A potential match between Jake Paul and KSI has been in the works for quite some time now. The two have been very vocal about their disregard for each other and give no opportunity to demean the other person.
Although the two have been unable to reconcile to make the match happen thus far, it has been revealed that an offer was made to KSI and his team in November 2022.
In a recent statement to The Mirror, Jake Paul’s most valuable promotions revealed that Paul agreed for a fight against ‘JJ’ to take place in the UK, stating:
“MVP submitted the original offer to Misfits for Jake Paul vs KSI on November 28, 2022 for the match to take place in December 2023 per Misfits’ desire to have JJ get at least two more matches for experience. We also agreed about doing it in the UK as Jake didn’t want any obstacles.
“[This is] although Jake is clearly the A-side of any box office calculation, internet search trends, or KSI’s own words where he consistently states that Jake is his ultimate goal. We offered 10 rounds, an 18×18 ring, 185lb, sanctioned by the BBBofC, 50/50 deal. Both fighters as A-side, share A-side designations.”
It is worth noting that no development on a potential match between Paul and KSI has been made since then.
However, ‘JJ’ will face Joe Fournier later this year in May. After a potential win over Fournier, we can certainly expect to see the Brit shouting “The Problem Child”.