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Circle faces criticism for partnering with DJ Khaled, who previously settled SEC charges for undisclosed ICO promotion
Circle, the issuer of stablecoin USDC, has shared a promotional photo of music producer DJ Khaled, with CEO Jeremy Allaire posting "welcome to team USDC." This move has drawn criticism due to Khaled's history of undisclosed promotion of crypto projects, which led to a settlement with the US Securities and Exchange Commission (SEC) in 2018 related to the Centra Tech ICO. Khaled agreed to pay approximately $153,000 and not promote any securities for two years.
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