Circle Welcomes DJ Khaled to 'Team USDC' and Crypto Twitter Is Furious
Summary
Circle’s USDC account and CEO Jeremy Allaire posted a photo welcoming DJ Khaled to “team USDC,” prompting criticism over his history of promoting Centra Tech’s fraudulent ICO without disclosing payment. The posts did not announce a sponsorship or paid ambassador role; Khaled was already connected to Chelsea through a separate Roc Nation promotion. In 2018, he settled with the SEC over the undisclosed promotion, paying a $150,000 penalty, and his restriction on paid securities promotions expired in 2020. The SEC and DOJ did not charge him with fraud.
