The fallout from Kim Kardashian's $1.26 million fine after promoting Ethereum Max on Instagram continues.about the penalties — with the reality star now banned from endorsing digital assets on social media for three years — crypto skeptic Peter Schiff tweeted:
His tweet attracted a swift rebuke from none other than Michael Saylor himself, who argued that Bitcoin can't be compared to an altcoin like Ethereum Max. With the value of the crypto markets collapsing over recent months, "Bitcoin, not crypto" has become a common mantra — with BTC maximalists seeking to distance themselves from speculative altcoins that often have little utility.
One law firm managing partner, Andrew M. Lieb, has warned that settlement is unlikely to have much of an impact, and told Newsweek:
bitcoin is not a commodity but an entry in the block chain, bitcoin is your name on the walk of fame
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Kim Kardashian Responds To $1.26M SEC Fine For Cryptocurrency Pitch & Payments – Update(2:15 PM Updated with Kardashian lawyer statement) Kim Kardashian will pay $1.26 million and has agreed not to promote any crypto securities for three years to settle charges with the SEC that she … 🤣🤣🤣🤣 it's called karrrrrrrrmmmma What the Devil made her do it..
Source: DEADLINE - 🏆 109. / 63 Read more »
Podcast: Kim K Just Got Banned from Promoting Crypto on Social Media for Three Years | CoinMarketCapAlso today, Nayib Bukele slams critics of his Bitcoin Law — telling them to stop drinking the elites' Kool-Aid. Listen more here 📻 Some nice movements with Shimmer which was launched in last thursday. Soon bigger Crypto exchanges
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Kim Kardashian pays $1.26 million fine for paid crypto ad, SEC saysKim Kardashian has promoted everything from appetite-suppressing lollipops to melon-flavored liqueur to toilet paper, but it was her foray into the murky world of cryptocurrencies that got her into hot water. Too much Botox on the brain... So, she’s an admitted criminal, yes? Hardly nothing.
Source: Reuters - 🏆 2. / 97 Read more »