Court dismissed the lawsuit against KimKardashian and FloydMayweather for lack of evidence they were shilling crypto to their fans. crypto
U.S. District Judge Michael Fitzgerald in California stated that investors were expected by the law to demonstrate reasonable behavior before making investments into the tokens promoted by the aforementioned celebrities.if the plaintiffs saw Kardashian and Mayweather conduct any specific promotion of EMAX tokens.
In October, head of the SEC Gary Gensler fined Kim Kardashian for failing to reveal the $250,000 she was paid for promoting EMAX, which the SEC believes to be a security. The celebrity agreedYuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal judge dismisses crypto scam lawsuit against Kim Kardashian, Floyd Mayweather Jr.The dismissal comes after Kim Kardashian paid over $1 million in October to settle with the SEC over her promotion of EthereumMax.
Read more »
Judge dismisses crypto lawsuit against Kim Kardashian, Floyd Mayweather Jr.: CNBCA federal judge dismissed a proposed class-action lawsuit against EthereumMax founders and celebrity promoters, including Kim Kardashian and boxer Floyd Mayweather Jr., CNBC reported.
Read more »
Kim Kardashian, Floyd Mayweather Beat Investor Suit Over Crypto PromotionsThe ruling spells trouble for other suits against celebrities for endorsing crypto.
Read more »
EMax crypto investors’ lawsuit against Kim Kardashian, Floyd Mayweather Jr., other celebrities is dismissedIn Wednesday’s ruling, Judge Fitzgerald said that investors had failed to show that the executives and promoters schemed to mislead investors, rather than acting in their own self-interest.
Read more »
Kim Kardashian, Floyd Mayweather crypto lawsuit dismissedKim Kardashian and Floyd Mayweather Jr. were just two of the celebrities sued for allegedly promoting EMax cryptocurrency as part of a scheme to drive up prices.
Read more »