Don’t Blame the Messenger?

When she was offered an advertising gig for FTX, Taylor Swift famously asked, “Can you tell me that these are not unregistered securities?” She didn’t like the answer, so she passed on the opportunity. Many celebrities didn’t ask questions about crypto and took the commercial dough. Can you blame them? Legally, probably not. But that’s not stopping a lot of people from trying. What do Cristiano Ronaldo, Gisele Bündchen, and Larry David have in common? Lawsuits for endorsing crypto.