Tech Brew Ride Home Mon. 10/03 – Kim Kardashian In Crypto Trouble
Oct 3, 2022
Kim Kardashian faces the SEC after promoting a cryptocurrency on social media, raising questions about celebrity responsibility in the crypto world. Sony is ramping up production of its next VR headset, posing a challenge to Meta's gaming empire. Meanwhile, the Supreme Court is set to hear pivotal cases that could reshape social media liability under Section 230. Also on the table is a controversial Texas law on content moderation that tech companies are fighting, highlighting the ongoing battle over free speech and corporate rights online.
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Kim Kardashian's Crypto Promotion
- Kim Kardashian paid $1.26 million to settle SEC charges.
- She promoted Ethereum Max without disclosing a $250,000 payment.
Celebrity vs. Industry Scrutiny
- Celebrities might be made examples of regarding crypto promotion.
- Meanwhile, larger players involved in the promoted products may face less scrutiny.
Celsius Founder's Withdrawal
- Celsius founder Alex Mashinsky withdrew $10 million before the company froze user accounts.
- He claims $8 million was for taxes, and $44 million of his crypto remains frozen with Celsius.