New Jersey regulators sent a stop order to organizers of the Initial Supply of Coins ( OIC) endorsed by Steven Seagal

The summary order, filed by the State of New Jersey Bureau of Securities (BoS), charges the entities behind Bitcoiin2Gen (B2G) of "d & rsquo; Fraudulently offer unregistered securities in violation of the Securities Act.

The move comes after National Regulators US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) vowed to continue to closely monitor the ICOs available to US consumers last month

The SEC had already issued warnings on celebrity endorsements of such systems, with the latest BoS order highlighting the secret nature of Seagal's involvement in Bitcoiin2Gen

] "T Bitcoiin's websites do not disclose what expertise, if any, Steven Seagal needs to ensure that Bitcoiin's investments are appropriate and in compliance with federal and state securities laws," & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; Order is read.

"In addition, there is no information on the nature, scope and amount of compensation paid by Bitcoiin in exchange for the promotion of Bitcoiin investments by Steven Seagal. "

One day prior to filing the 6th order, Seagal had tweeted that the digital token would soon be trading "on some of the largest stock exchanges in the world." The actor has not commented on further developments.

Friends, I wanted to announce that @ Bitcoiin2Gen will soon be on some of the largest stock exchanges in the world. Stay tuned for more information coming soon. https://t.co/tya7c3rrwr #bitcoiin #Ad – Steven Seagal (@sseagalofficial) March 6, 2018

The state regulators in the United States have taken a hard line with the ICO's obscure offerings and associated companies in 2018.

Cointelegraph previously reported how Texas and New Jersey had sent similar orders to AriseBank and Bitstrade in January and February respectively.