Michael Saylor Schools Peter Schiff: "Bitcoin is a commodity, not a security."
The SEC charged Kim Kardashian $1.26 million on Monday after failing to disclose that she received $225,000 for promoting Ethereum Max. Kardashian had posted on her Instagram Stories last year promoting EMAX to millions of her followers. People who invested in EMAX on the day Kardashian promoted it are now underwater, as it has fallen 96%. On the heels of the development, staunch crypto critic Peter Schiff sent a tweet urging the SEC to book Michael Saylor for promoting Bitcoin. Schiff called Saylor a Bitcoin “pumper” and also targeted CNBC for giving airtime to BTC and crypto “ pumpers”. He stated that he finds no difference between Kim Kardashian and Michael Saylor for “pumping” cryptos for their benefit. “The SEC is fining Kim Kardashian $1.2 million for pumping crypto . What about the real pumpers? Saylor had much more to gain pumping crypto than Kim. Or CNBC paid millions for ads by crypto companies , then pumping Bitcoin non-stop w...