3 ms·
My comment was specifically about the connection to the SEC: if Dogecoin isn't a security, then Musk isn't illegally promoting a security or violating other sec
by __derek__ 4y ago
My comment was specifically about the connection to the SEC: if Dogecoin isn't a security, then Musk isn't illegally promoting a security or violating other securities laws. Maybe the CFTC would dislike his promotion, but it's not clearly illegal for someone to use one property they own to promote/advertise their other interests as long as it's disclosed (which, as you note, Musk has done with Dogecoin).
- runarberg 4y agoThis was also rolled out in Europe, and I’m pretty sure there are consumer protection laws there which disallow this type of behavior. A media giant cannot use that media to promote their interest in a privileged position which is not granted to other ads.