{"id":498128,"date":"2022-10-04T00:28:34","date_gmt":"2022-10-03T21:28:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/kim-kardashian-could-be-tip-of-the-iceberg-for-celeb-crypto-crackdown\/"},"modified":"2022-10-04T00:28:34","modified_gmt":"2022-10-03T21:28:34","slug":"kim-kardashian-could-be-tip-of-the-iceberg-for-celeb-crypto-crackdown","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/kim-kardashian-could-be-tip-of-the-iceberg-for-celeb-crypto-crackdown\/","title":{"rendered":"#Kim Kardashian could be &#8216;tip of the iceberg&#8217; for celeb crypto crackdown"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a264ae0f07e2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a264ae0f07e2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/kim-kardashian-could-be-tip-of-the-iceberg-for-celeb-crypto-crackdown\/#%E2%80%9CKim_Kardashian_could_be_%E2%80%98tip_of_the_iceberg_for_celeb_crypto_crackdown%E2%80%9D\" >&#8220;Kim Kardashian could be &#8216;tip of the iceberg&#8217; for celeb crypto crackdown&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CKim_Kardashian_could_be_%E2%80%98tip_of_the_iceberg_for_celeb_crypto_crackdown%E2%80%9D\"><\/span>&#8220;Kim Kardashian could be &#8216;tip of the iceberg&#8217; for celeb crypto crackdown&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Kim Kardashian\u2019s $1.26 million fine from the Securities and Exchange Commission could just be the first shot in a broader regulatory volley against\u00a0crypto-hawking celebrities, experts tell The Post.\u00a0<\/p>\n<p>A-listers including Matt Damon, Tom Brady and Larry David, who <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared in ads for cryptocurrency exchanges during this year\u2019s Super Bowl \u2014 as well as stars like Mike Tyson and Reese Witherspoon who participated in so-called NFT drops \u2014 could be casualties of a crypto crackdown from the SEC.\u00a0<\/p>\n<p>\u201cThis is a litigation strategy of going after public figures \u2014 now everyone in Hollywood will notice,\u201d Columbia\u00a0Law professor\u00a0and securities expert John Coffee told The Post. \u201c[SEC Chair] Gary Gensler isn\u2019t afraid of publicity.\u201d\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/crypto-celebrity.jpg?w=1024\" alt=\"celebrities, bitcoin illustration\" class=\"wp-image-24108153\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/crypto-celebrity.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/crypto-celebrity.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/crypto-celebrity.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Celebrities hawking cryptocurrency related products could be targeted next.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>To be sure, celebrities have been selling goods on QVC and informercials for decades before Instagram or cryptocurrencies even existed. But lawyers caution that pushing financial products is far thornier than shilling for skincare products or clothing.\u00a0<\/p>\n<p>\u201cCelebrities aren\u2019t thinking through the fact that cryptocurrencies may be governed by securities laws\u201d, former SEC enforcement attorney Ron Geffner told The Post, calling the Kardashian <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> the \u201ctip of the iceberg.\u201d\u00a0<\/p>\n<p>\u201cThere are far more wide-reaching implications for celebrities and influencers in dealing with securities and the laws about regulating securities than other industries,\u201d Geffner added.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-feat-image.jpg?w=1024\" alt=\"matt Damon \" class=\"wp-image-24105162\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-feat-image.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-feat-image.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-feat-image.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Matt Damon has starred in commercials for crypto exchange FTX.<\/figcaption><\/figure>\n<p>Kardashian\u2019s\u00a0flagrant promotion of an individual crypto token\u00a0was effectively low-hanging fruit for regulators, experts said. But celebs who promoted sites like Crypto.com and FTX \u2014 where customers can trade a wide swath of cryptocurrencies \u2014 could also be targets, according to crypto expert and London School of Economics visiting fellow Garrick Hileman.\u00a0<\/p>\n<p>\u201cI would wonder whether that\u2019s the next frontier,\u201d Hileman said of targeting celebs for promoting exchanges.\u00a0<\/p>\n<p>Gensler has said many cryptocurrencies are operating as \u201cunregistered securities\u201d and the SEC could therefore interpret celebs who promote sites for trading the digital coins as violating securities laws, Hileman said. <\/p>\n<p>He added that David, Damon and Brady should be \u201cworried\u201d about the Kardashian news.\u00a0<\/p>\n<p>\u201cThere\u2019s a reputation hit which comes with winding up in the SEC\u2019s crosshairs,\u201d he said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"438\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-10.jpg?w=1024\" alt=\"Giselle and tom Brady \" class=\"wp-image-24105181\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-10.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-10.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/celebrities-crypto-endorsements-kardashian-sec-10.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Gisele B\u00fcndchen and Tom Brady have embraced cryptocurrency \u2014 appearing in ads for FTX.<\/figcaption><figcaption><span class=\"credit\">FTX<\/span><\/figcaption><\/figure>\n<p>Lawrence Cunningham, a law professor at George Washington University, called on the SEC to do more to target celebrities who promote cryptocurrencies.\u00a0<\/p>\n<p>\u201cThe greatest risk ordinary American investors face is from manipulative schemes and the SEC\u2019s primary statutory mandate is to mitigate those risks by policing fraudsters,\u201d Cunningham told The Post. \u201cPicking one celebrity as the showcase and highlighting her failure to disclose payments does not reflect a robust enforcement program.\u201d<\/p>\n<p>Representatives for Witherspoon, Damon, David and Tyson did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to request for comment.<\/p>\n<p>In one sign that celebrities could be backing off affiliating themselves with cryptocurrencies, some insiders pointed to a bizarre event with actress Charlize Theron at a cryptocurrency\u00a0conference last Thursday.<\/p>\n<p>During crypto firm Circle\u2019s Converge22 conference in San Francisco, Theron participated in a question-and-answer session with Circle\u2019s global head of policy, Dante Disparte. Despite the fact that Theron was speaking with the executive of a crypto company at a crypto conference, the Q&amp;A did not touch on cryptocurrencies\u00a0or the blockchain at all, instead centering around Theron\u2019s life story and charity work.\u00a0<\/p>\n<p>The conversation left the audience full of crypto fanatics scratching their heads.\u00a0<\/p>\n<p>\u201cI have to wonder whether her lawyers said: \u2018We can\u2019t talk crypto,&#8217;\u201d said Hileman, who attended the conference.\u00a0<\/p>\n<p>Theron didn\u2019t respond to a request for comment.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/10\/03\/kim-kardashian-could-be-tip-of-the-iceberg-for-celeb-crypto-crackdown\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Kim Kardashian could be &#8216;tip of the iceberg&#8217; for celeb crypto crackdown&#8221; Kim Kardashian\u2019s $1.26 million fine from the Securities and Exchange Commission could just be the first shot in a broader regulatory volley against\u00a0crypto-hawking celebrities, experts tell The Post.\u00a0 A-listers including Matt Damon, Tom Brady and Larry David, who appeared in ads for cryptocurrency&#8230;<\/p>\n","protected":false},"author":1,"featured_media":498129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/crypto-celebrity.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,133823,91267,76127,118979,70988,30066,24161,70298],"class_list":["post-498128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-10-3-22","tag-bitcoins","tag-cryptocurrency","tag-gary-gensler","tag-kim-kardashian","tag-larry-david","tag-matt-damon","tag-tom-brady"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/498128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=498128"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/498128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/498129"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=498128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=498128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=498128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}