Tag Archives: endorsements

US SEC issues warning over celebrity cryptocurrency endorsements

Celebrity cryptocurrency endorsements are entering the mainstream, and the SEC is keeping a closer eye on proceedings. As the global interest in cryptocurrencies such as bitcoin and ethereum sees a sharp spike, there have been instances of celebrities such as boxer Floyd Mayweather, DJ Khaled and Paris Hilton endorsing various initial coin offerings (ICOs) on […]

The bubble in celebrity cryptocurrency endorsements

When it comes to deciding to invest in bitcoin — or anything else — celebrities might not be the best sources of information. Take boxer Floyd Mayweather. In September, the undisputed heavyweight champion of the world, urged his 13.5 million Facebook followers to invest in the debut sale, known as an initial coin offering (ICO) […]

SEC warns that celebrity cryptocurrency endorsements may be illegal

Enlarge / Boxer Floyd Mayweather has done paid endorsements for little-known cryptocurrencies. The Securities and Exchange Commission has issued a statement warning celebrities that they may be violating the law if they make paid endorsements of cryptocurrencies without disclosing the payments. Just a few months ago, there would have been no need for such a […]

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