Watch: can influencers be successfully sued for shilling scam cryptocurrency

That most of these “influencers” probably have no idea how a cryptocurrency even works (or, for that matter, what a security is) and that they’re as financially illiterate as their followers doesn’t matter.

If they’re shilling one on the expectation that their own compensatory grant of the math beanie babies will go up or because they’re being paid in good old fashioned fiat currency, they’re materially participating in a pump-and-dump scheme and should be penalised appropriately when things inevitably go pear-shaped.

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