Former SEC Chief John Reed Stark has officially put crypto influencers on notice!
Of course he did so via Twitter, everyone’s favorite platform to voice an opinion.
A response earned an additional comment from Stark, both of which were thoughtful and respectful (take note trolls).
But: Are influencers really influencers if they aren’t already aware of the SEC fines against Kim K, Lindsay Lohan, Jake Paul, Ne-Yo, Akon, Floyd Mayweather, DJ Khaled… and the list goes on.
Who is JRS?
To be fair, as opposed to some other government officials (ahem), JRS is well educated, well connected, and well aware of cybersecurity and crypto issues. While at the SEC he championed the “Office of Internet Enforcement.” He is decidedly anti-crypto and anti-blockchain. He is especially anti-Tether and anti-Binance.
Additional dangers for influencers (and Binance)
It isn’t just the SEC that is bringing charges against individual influencers. Smaller law firms are jumping into the fight.
Two firms from south Florida collaborated to file a suit against Binance mere days after the CFTC filed their own lawsuit against the company for trading violations. Two you-tubers and an NBA player got caught up in this one.
