According to a watchdog, they're breaking the law.
in general, it's been quiet about NFTs in particular, with groups like TINA taking up the mantle in its absence.
"The bottom line is celebrities who promote NFTs generally aren’t helping improve the financial literacy of their fans and followers," TINA wrote in a statement.Among the list of TINA's recipients were both UFC fighter Floyd Mayweather and recording artist and producer DJ Khaled, whoby the Securities and Exchange Commission in 2018 for promoting a crypto scam, while failing to disclose their financial ties.
"If [these celebrities] have a material connection to the NFT companies they are promoting," TINA's statement reads, "that connection needs to be clearly and conspicuously disclosed in the endorsement as required by FTC law." As the organization notes, the celebrity shilling of NFTs is particularly suspect because these "speculative products," as TINA calls them in its announcement, are subject to increasingly volatile market changes.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Celebrities Who Named Their Babies After, Well, Other Famous PeopleWhat's in a name?
Weiterlesen »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Weiterlesen »
17 Celebrities Just Got Warning Letters About Shilling NFTsA consumer watchdog group reminded them that they need to disclose their connection to an NFT collection when they promote it on social media.
Weiterlesen »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Weiterlesen »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Weiterlesen »
Parenting, Baby Names, Celebrities, and Royal News | CafeMom.com
Weiterlesen »