You can get in trouble with the SEC as a forum member with celebrity status for promoting cryptocurrency on your social media, but not in trouble with them for promoting just bitcoins. There is a scary SEC rule- that
it is unlawful for any person to publish or give publicity to crypto assets without disclosing the amount they were paid for the promotion.
but I think this rule applies to "securities" and since the SEC considers bitcoin a "commodity",
U.S. Securities and Exchange Commission Chair Gary Gensler has reiterated his claim that bitcoin (BTC) is a commodity.
I do not think it is applicable.
sourceJake Paul, Lil Yachty, Soulja Boy, Ne-Yo, Akon, Austin Mahone, Lindsay Lohan and Kendra Lust got into trouble for promoting Tronix (TRX) tokens a securities offered by Tron Foundation Limited. (
News report)
Paul Pierce from the NBA got into trouble for promoting EMAX tokens, a securities offered and sold by EthereumMax. EthereumMax does not have any relationship with Ethereum. (
News report)
Kim Kardarshian got into trouble for promoting Ethereum Max tokens (
News report)
Floyd Mayweather and DJ Khaled got into trouble for promoting ICO's. (
News report)
Do you know any celebrity that has gotten in trouble for promoting bitcoins?