Sherrod Brown, Chairman of the US Senate Banking Committee, said that the cryptocurrency ads aired during the Super Bowl did not include adequate warning of the current risks.
brown, February 15 At the Senate hearing on stablecoins on The topic of popular crypto ads aired during the Super Bowl brought it up. Most of these ads downsides of investing in cryptocurrencies saying no place brownadvertising companies Because of the volatility of the crypto market, scams and because crypto is not regulated like traditional markets He said they didn’t talk about it.
Crypto companies only trying to make big profits and that they aim to reach as many citizens as possible by claiming reacting Brown also has companies currency unit what they said was Why encourage millions to promote crypto He asked if he should.
The fact that these companies feel the need to advertise gives some insight into one of the biggest claims. Why do you need ads if cryptocurrencies are really going to be used instead of currencies? I’ve never seen the Fed advertise dollars.
As the crypto community reacted to Brown on Twitter for addressing the ads, a user addressed the President. Get a more in-depth education about cryptocurrencies. suggested.
Coinbase and FTX crypto companies such as Super Bowl to advertising areas 30 second for an ad 20 million dollars paid.
It was also claimed that the site crashed after Coinbase’s 1-minute advertisement in the Super Bowl, in which it stated that it would give $15 Bitcoin (BTC) to users who signed up for new registrations.
One-Minute Ad from Super Bowl Game Crashes Coinbase’s Site
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