Let's take a look at the crypto craze, the
sec unveiling fraud and unregistered securities charges against the founder
of the Blockchain based company. Trod along with a
group of celebrity bankers, the charges alleging Justin's son
engaged in fraud and trade manipulation of two crypto tokens
by creating the appearance of active trading units didn't exist
. The celebrities charged include Lindsay Lohan, Jay,
Paul Soulja Boy and five others. They are facing
separate violations. But sec chair Gary Gensler is saying
that son convinced investors to purchase two crypto tokens by
orchestrating a promotional campaign in which he and his celebrity
promoters hid. The fact that celebrities were paid for
their tweet. The violations against celebrities have nearly all
been settled without admittance or denial of wrongdoing. All
right, let's take a look at how these major
tokens fared today down here from the floor of the
stock exchange. Bitcoin either buying in. Certainly we
see a risk off trade for stocks assets like gold
copper commodities rising. But today these cryptocurrencies, these
growth currencies, I guess if you will, they
kind of fit in that growth and innovation sector also
down so Bitcoin up 4%. Same case for Ether
Binance coin down about 6% Bitcoin below 27,000 ether at
1700 Binance coin at$318 a token.