Regulatory Actions and Crypto Controversies

Kim Kardashian has settled with the SEC over crypto promotion on social media. I continue to Wonder if, aside from TikTok, the biggest threat to Zuckerberg’s metaverse plans is actually Sony. The Supreme Court is gonna hear cases that could pierce the veil of Section 230. And the other social media law from Texas that Silicon Valley is fighting tooth and nail.

Links:

• Kim Kardashian pays over $1 million to settle SEC charges linked to a crypto promo on her Instagram (CNBC)
• Celsius Network founder withdrew $10mn ahead of bankruptcy (FT)
• Sony Betting Big on Next VR Headset With Increased Production Plan (Bloomberg)
• Social Media Company Liability Draws Supreme Court Scrutiny (Bloomberg)
• Texas Social-Media Law on Web Censorship Upheld by Federal Appeals Court (Bloomberg)
• Tech companies are gaming out responses to the Texas social media law (Washington Post)

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