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 Exchange Commission (SEC). The SEC has determined to not press fees towards Welch in reference to the speedy rise and subsequent collapse of the meme-based cryptocurrency.
US SEC Investigation Into Hawk Tuah Girl Concludes Without Charges
The SEC had launched an investigation into the $HAWK token after its dramatic worth 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%. Investors who have been impacted by the crash filed a lawsuit towards these behind the venture, 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 determination. “For the past few months, I’ve been cooperating with all the authorities and attorneys, and finally, that work is complete,” Welch instructed TMZ.
Her legal professional, James Sallah, confirmed that the SEC had closed the case with none findings towards her, including that there can 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. Known for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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