Easier subscription cancellations - Trans athlete restriction - Cash App fraud allegation

Source: Bloomberg

1. Summary
   The Securities and Exchange Commission recently announced charges against eight celebrities, including actress Lindsay Lohan, rapper Soulja Boy, and internet influencer Jake Paul, for promoting cryptocurrency assets without disclosing that they had been compensated for the promotions.
   
   Many of the celebrities promoted crypto products created by entrepreneur Justin Sun, who was also charged by the SEC for recruiting celebrity endorsers. Six of the eight stars agreed to settle with the agency for a total of $400,000. Last year Kim Kardashian paid $1.26 million in a similar SEC settlement.
   
   Coinbase, the largest cryptocurrency exchange in the U.S., said that the SEC may sue the company for allegedly violating securities law. Coinbase's chief legal officer says nothing on the exchange should qualify as a security. He said federal agencies do not agree on how to classify cryptocurrencies for regulation, with one agency calling Ethereum a commodity (outside of the SEC's purview) in contrast to the SEC's position.

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1. Different political viewpoint
   SEC to Coinbase: Nice crypto exchange you got there...
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1. Selected long-read
   Battle royale for crypto oversight kicks off among federal authorities. (2022)
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1. Recent poll
   Should cryptocurrencies be regulated like securities?
   370 votes • 26 comments

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