EU Watchdog Calls Out Social Media, Elon Musk And 'Finfluencers' For 'Crypto Con'
Portfolio Pulse from Murtuza Merchant
The European Consumer Organization (ECO) has released a report criticizing social media platforms for allowing cryptocurrency advertisements to bypass regulations. The report highlights the inadequate awareness among consumers regarding the risks associated with cryptocurrencies on platforms like Facebook. It also calls out Elon Musk's association with Dogecoin (CRYPTO: DOGE) and the rise of 'finfluencers'.
June 08, 2023 | 3:46 pm
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The ECO report calls out Elon Musk's association with Dogecoin, which may lead to increased scrutiny on the cryptocurrency and its promotion on social media platforms.
The ECO report specifically mentions Elon Musk's association with Dogecoin, which could lead to increased scrutiny on the cryptocurrency and its promotion on social media platforms. This may negatively impact the short-term price of Dogecoin as investors may become more cautious due to potential regulatory actions.
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