2023.12.04
Ronaldo Faces $1 Billion Lawsuit Over Binance Endorsement Amidst Cryptocurrency Regulation Concerns
Cristiano Ronaldo faces a $1 billion lawsuit in the US for endorsing Binance, linked to investor losses. The lawsuit highlights the need for transparency in celebrity crypto endorsements, as emphasized by the SEC. Experts note blaming Ronaldo alone oversimplifies the issue; global financial regulation should also be considered. This comes after the US fined Binance $4.3 billion for money laundering.
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