Risky Celebrity Crypto Promotions

“It is time to make our wildest aspirations a reality—trade cryptocurrencies at 2:00 a.m. from the luxury of your race car bed. I couldn’t care less. When are businesses open? “A thing of the past,” DeVine says in a forthcoming clip.

In a recently released video titled “Crypto & Beach Houses,” the actor is seen holding a smartphone and commenting on internet phenomena, with a Bitget promotional logo in the background.

Workaholics and the Pitch Perfect film franchise have made DeVine a household name. DeVine proclaims:

If you wanna stream a movie on TV while shopping on your tablet while exploring decentraland on your phone, congratulations! We are living in the now than ever before.

A disclaimer at the conclusion reveals that DeVine is a “paid actor” and that his opinions “should not be relied upon as specific recommendations or financial or other advice.”

DeVine is also “not licensed as an investment advisor or broker-dealer in any jurisdiction.”

A disclaimer after the statement reveals that DeVine is a “paid actor” and that his opinions “should not be relied upon as specific recommendations or financial or other advice.”

Furthermore, Devine is “not licensed as an investment advisor or broker-dealer in any jurisdiction.” The concluding assertion reads:

“The ad is not intended for distribution in the United States (including its territories or possessions) or to any U.S. person.”

Celebrities have previously partnered with crypto companies for promotional purposes, with varied results.

Recently, the U.S. Securities and Exchange Commission filed a lawsuit against notable celebrities such as Lindsay Lohan, YouTuber Jake Paul, and singer Akon for their alleged involvement in improperly promoting Tron ecosystem tokens.

Matt Damon’s appearance in Crypto.com’s infamous “Fortune Favors the Brave” advertisement, which debuted at the beginning of the ongoing cryptocurrency bear market, has been ridiculed.

In June 2018, soccer sensation Cristiano Ronaldo signed a multiyear partnership with Binance involving nonfungible tokens.

His opponent, Argentine football champion Lionel Messi, is the current brand ambassador for Bitget.