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Cryptocurrency News Articles
'Hawk Tuah' influencer Haliey Welch has revealed the investigation into her meme-themed cryptocurrency has been closed and she was not hit with any charges.
Mar 28, 2025 at 10:23 am
'Hawk Tuah' influencer Haliey Welch has revealed the investigation into her meme-themed cryptocurrency has been closed and she was not hit with any charges.
'Hawk Tuah' influencer Haliey Welch has been cleared by the SEC in the investigation into the alleged unlawful promotion and sale of unregistered securities.
The 22-year-old's name was included in a lawsuit filed by seven investors, whose money was allegedly lost when the ‘$HAWK token’ crashed within hours of its debut in December 2024.
The complaint, which was filed in a California federal court on 28 August, targeted the group behind the coin.
The plaintiffs are seeking more than $150,000 in damages. Welch's attorney said she did not have to pay a dime.
"The SEC closed the investigation without making any findings against, or seeking any monetary sanctions from, Haliey," Welch's lawyer James Sallah explained to TMZ.
"Because they did not bring any action against her, there are no restrictions on what she can do in regards to crypto or securities in the future."
Now that she is free from the burden of the legal scandal, Welch is reportedly "happy to be starting back up again," according to TMZ.
Welch's comeback does not involve any kind of cryptocurrency, but she is apparently planning a 'Hawk Tuah' documentary.
The lawsuit names overHere Ltd. and its founder Clinton So, social media influencer Alex Larson Schultz, and the Tuah The Moon Foundation as defendants.
The plaintiffs' lawyers alleged that a pre-sale for the coin had raised approximately $2.8 million, at a valuation of $16.69 million, ahead of the launch date, according to the lawsuit.
The investors are seeking more than $150,000 in damages. Welch's attorney said she did not have to pay a dime.
"The SEC closed the investigation without making any findings against, or seeking any monetary sanctions from, Haliey," Welch's lawyer James Sallah explained to TMZ.
"Because they did not bring any action against her, there are no restrictions on what she can do in regards to crypto or securities in the future."
Now that she is free from the burden of the legal scandal, Welch is reportedly "happy to be starting back up again," according to TMZ.
Welch's comeback does not involve any kind of cryptocurrency, but she is apparently planning a 'Hawk Tuah' documentary.
'Hawk Tuah' influencer Haliey Welch has been cleared by the SEC in the investigation into the memecoin.
The 22-year-old's name was included in a lawsuit filed by seven investors, whose money was allegedly lost when the ‘$HAWK token’ crashed within hours of its debut in December 2024.
The complaint, which was filed in a California federal court on 28 August, targeted the group behind the coin.
The plaintiffs' lawyers alleged that a pre-sale for the coin had raised approximately $2.8 million, at a valuation of $16.69 million, ahead of the launch date, according to the lawsuit.
The investors are seeking more than $150,000 in damages. Welch's attorney said she did not have to pay a dime.
"The SEC closed the investigation without making any findings against, or seeking any monetary sanctions from, Haliey," Welch's lawyer James Sallah explained to TMZ.
"Because they did not bring any action against her, there are no restrictions on what she can do in regards to crypto or securities in the future."
Now that she is free from the burden of the legal scandal, Welch is reportedly "happy to be starting back up again," according to TMZ.
Welch's comeback does not involve any kind of cryptocurrency, but she is apparently planning a 'Hawk Tuah' documentary.
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