Schultz Quoted in Bloomberg on SEC Warning to Celebrities Promoting Crypto
October 5, 2022
Securities Enforcement Litigation partner Christian Schultz was quoted in the Bloomberg article, “Kardashian SEC Slap is Fresh Warning Shot Over Crypto Promotion.” The article discusses the $1.26 million settlement Kim Kardashian will have to pay the SEC for promoting a crypto token on social media and highlights the warning it sends to other celebrities regarding promoting cryptocurrency to their audiences.
Schultz told Bloomberg that during this time of increased interest in cryptocurrency, “the SEC has and will continue to aggressively look at how celebrities and social media influencers use their public profiles to encourage Main Street America to invest in crypto asset securities.”
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