Kim Kardashian and Floyd Mayweather Jr. are no longer being sued in a class action lawsuit over the cryptocurrency token Ethereum max. After reading the law, the judge said, “Investors should be able to think things through before betting on the zeitgeist of the time.” More info check out this link: https://cryptodezire.com/
Kim Kardashian is being sued because she promoted “Kimcoin,” a digital token, on her social media sites. In the lawsuit, it was said that Kardashian told investors lies about how much money they could make from the pass she made and how much it was worth. The court,decided that the plaintiff didn’t have enough proof to back up their claims, so they threw out the case.
The judge said that what Kardashian said was “puffery,” a boastful or overstated statement that is not meant to be taken seriously. The rules about securities state that puffery is neither false nor misleading. The judge decided that Kardashian hadn’t done anything wrong, so the case against her was dropped.
The case and the judge’s decision to throw it out show how important celebrity endorsements can be in the bitcoin business. When famous people and other influential people support a project or product, it can make a big difference in how well it does.
The charges against Kim Kardashian that had to do with cryptocurrency were dropped.
On Wednesday, a judge from the United States District Court for the District of Columbia threw out a proposed class action lawsuit against the people who started Ethereummax and the celebrities who backed the cryptocurrency project. Well-known people like Kim Kardashian, Floyd Mayweather Jr., and Paul Pierce, who used to play for the Boston Celtics, all supported the product.
In his decision, Judge Michael Fitzgerald of the United States District Court for the Central District of California agreed with the lawsuit’s claim that “celebrities can easily convince millions of gullible fans to buy snake oil with a reach and ease that has never been seen before.” The judge was talking about how easy it is for famous people with a lot of fans to sell snake oil.
How much digital money did Kim Kardashian buy?
Most people need to know if Kim Kardashian’s name is on any cryptocurrency. She was sued because she talked about “Kimcoin,” a digital currency, but no one knows if she bought or owned any tokens.
One of these goods and investments in cryptocurrency. Still, it’s essential for them to follow the securities rules and ensure that their ads don’t have any false or misleading information.
Kim Kardashian was sued because on her social media sites ,she talked about “Kimcoin.” But the court didn’t believe the claim because there was no proof that Kardashian had said anything wrong or misleading.
People should learn a lot about something, like cryptocurrency, before putting money into it.This is the most important thing to do in the hard-to-predict and risky cryptocurrency market . You shouldn’t just listen to what a famous or powerful person says when deciding whether or not to invest. Most of the time, you can buy cryptocurrency with your phone, computer, or an ATM. Bitcoin and Ether are two of the best-known cryptocurrencies, but many more are being made all the time.
You get a call from someone who says they are a “investment manager.” They say they can help your money grow, but you have to buy a cryptocurrency and send it to their online account. They send you to a website that looks like an investment site, but it isn’t, and neither are their promises. If you sign in to your “investment account,” you won’t be able to get your money out, or you’ll have to pay a lot of money to do so.
Scammers tell you that you will make money or get a big payout and promise that you will get your money back. Nobody can make a promise like that. We dgot lessdone in less time. And putting money into cryptocurrency is not something that is “low risk.” So, if a business or person promises you’ll make money, it’s a scam. Even if a famous person supports it or if investors who bought it are happy with it. It’s easy to make them up. Bitcoin Smart is the official trading website if you are interested in trading cryptocurrency.
Scammers say that they will give you money for nothing. They will tell you they will give you free cash or cryptocurrency, but this is always a lie.
