By Chris Prentice and Hannah Lang NEW YORK/WASHINGTON (Reuters) -Coinbase debuted on the U.S. stock market on April 14, 2021 - the same day U.S. senators .
During this 30-minute webinar, Seward & Kissel partners from the Firm’s Government Enforcement and Internal Investigations Group will discuss the SEC’s recent enforcement actions.
Celebrity endorsements have been a thing for years but a slew of appearances by A-list stars shilling relatively new cryptocurrencies and NFTs. Values have tanked and now investors are seeking legal redress for feeling duped.
Tom Brady, Post Malone, Madonna and other A-list stars have been named in lawsuits from disgruntled crypto investors. Lack of clear rules when it comes to endorsing digital assets has muddied the waters when it comes to legal actions.
Hollywood celebrities looking to make a quick buck endorsing cryptocurrency or NFTs are now being told to think twice as angry consumers who experienced losses are taking the stars to court.