33: Who'll Stop Celebrities From Unlawfully Shilling Shady Crypto & NFTs to Their Fans? (w/ Bonnie Patten)

October 07, 2022 00:55:58
33: Who'll Stop Celebrities From Unlawfully Shilling Shady Crypto & NFTs to Their Fans? (w/ Bonnie Patten)
Scam Economy
33: Who'll Stop Celebrities From Unlawfully Shilling Shady Crypto & NFTs to Their Fans? (w/ Bonnie Patten)

Oct 07 2022 | 00:55:58

/

Show Notes

Bonnie Patten, executive director of Truth In Advertising (TINA), joins Scam Economy with Matt Binder to discuss the scourge of celebrity crypto and NFT endorsements. We discuss Kim Kardashian getting fined $1.26 million by the SEC for pushing a pump-and-dump token by EthereumMax, the celebrities hawking NFTs without disclosing that they were paid for their endorsement, TINA's recent work sending notices to those celebs, what Justin Bieber's team and Reese Witherspoon's team had to say to TINA regarding promoting NFTs, Jimmy Fallon's obsession with NFTs on the Tonight Show, what government agencies are going to step up and do something about it, why the FTC hasn't taken action, the CAA's role, Anthony Anderson's Candyverse NFT project, and why celeb endorsements of crypto and NFTs are so harmful to their fans. Check out Truth In Advertising's work on celebs promoting NFTs: https://truthinadvertising.org/industries/celebrities-promoting-nfts/ Visit http://www.ScamEconomy.com Support the show: http://www.patreon.com/mattbinder

Other Episodes

Episode

October 31, 2022 02:05:20
Episode Cover

36: Inside Yuga Labs: Bored Ape Yacht Club Behind-the-Scenes (w/ Yasmin Gagne and Connie Lin)

Fast Company's Yasmin Gagne & Connie Lin join Scam Economy to discuss their latest piece: a sit-down with Yuga Labs to discuss the history...

Listen

Episode

September 02, 2022 01:10:09
Episode Cover

28: Crypto's Summer From Hell (w/ Molly White)

Web3 Is Going Just Great creator Molly White returns to Scam Economy to break down crypto winter aka crypto's summer from hell with host...

Listen

Episode

March 15, 2022 00:19:58
Episode Cover

The Depravity of Randi Zuckerberg's Web3 Song (Scam Economy Post Show Teaser Clip)

A freebie teaser clip from the Scam Economy Post Show Episode #6 livestream on 3/10/22: Matt gives some quick thoughts on Web3 "Pay to...

Listen