- Economist Peter Schiff alleges that Michael Saylor is a BTC pumper.
- Schiff also takes a dig at CNBC for promoting crypto ads.
- The allegations come after the SEC charged Kim Kardashian $1.2 million for pumping EMAX.
As the crypto community is slowly winding up from the news about the SEC charging Kim Kardashian, a new allegation has popped up. In one of his recent tweets, chief economist and global strategist Peter Schiff speaks about the SEC and the Kim Kardashian incident.
In his tweet, he took a dig at Michael Saylor, the founder of MicroStrategy. He also went after CNBC for its crypto company promotions.
SEC جرمانہ کر رہا ہے۔ KimKardashian پمپنگ کے لیے $1.2 ملین #crypto. اصلی پمپرز کے بارے میں کیا خیال ہے؟ @ سائلر کم سے زیادہ پمپنگ کرپٹو حاصل کرنے کے لیے بہت کچھ تھا۔ یا @ سی این بی سی کرپٹو کمپنیوں کے اشتہارات کے لیے لاکھوں ادا کیے، پھر پمپنگ # بطور انڈسٹری پمپرز کو ایئر ٹائم فراہم کرتے ہوئے نان اسٹاپ؟
- پیٹر Schiff (@ پیٹرسچارف) اکتوبر 3، 2022
He addressed in his tweet that Saylor had much to gain from pumping crypto, much more than Kim Kardashian. Schiff also stated that CNBC is making millions from paid promotions by crypto firms.
However, Saylor didn’t keep silent about this allegation. He replied to Schiff’s tweet, stating that Bitcoin is a commodity rather than a security. Saylor also stated that promoting BTC is like promoting steel, aluminum, concrete, glass, or granite.
# بطور ایک شے ہے، سیکورٹی نہیں۔ کسی شے کی وکالت کرنا سٹیل، ایلومینیم، کنکریٹ، شیشہ یا گرینائٹ کو فروغ دینے کے مترادف ہے۔ بی ٹی سی نیٹ ورک ایک کھلا پروٹوکول ہے، جو سڑکوں، ریلوں، ریڈیو، ٹیلی فون، ٹیلی ویژن، انٹرنیٹ، یا انگریزی کی طرح مفید فوائد پیش کرتا ہے۔
- مائیکل سیلور⚡️ (سیلور) اکتوبر 3، 2022
Saylor also addressed that the بی ٹی سی نیٹ ورک is an open protocol that offers utilitarian benefits similar to those of roads, rails, the internet, etc. The back-and-forth talks come amidst a time when Kim Kardashian was fined by the SEC an amount of $1.2 million.
The whole charge is over the promotion of the EthereumMax token. Kardashian allegedly received $250,000 for promoting the crypto on her Instagram. EMAX was also promoted by boxer Floyd Mayweather Jr. and basketball player Paul Pierce.
The creators of EMAX and the celebrity promoters were charged with a lawsuit earlier this year. Kim’s lawyer stated that she is pleased to resolve the issue with the SEC.
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