US to Fine Crypto Influencers for Fake Followers and Likes

The US Federal Trade Commission (FTC) will impose fines on crypto influencers who use fake followers and fake likes. The regulator will also ban the use of artificial intelligence-based tools to "promote" accounts.

Aug 16, 2024 - 12:05
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US to Fine Crypto Influencers for Fake Followers and Likes
Photo taken from public sources

The US Federal Trade Commission (FTC) plans to introduce strict measures against crypto influencers who use fake followers and fake likes to increase their popularity. The new regulations provide for significant fines for those who resort to such unethical methods of promotion on social networks.

In addition, the FTC intends to prohibit the use of artificial intelligence-based tools to "promote" accounts and create fake interactions with the audience. These measures are aimed at increasing transparency and honesty in the field of cryptocurrency marketing, as well as protecting consumers from misinformation and fraud.

The new rules signal a major change in the regulation of the digital space, especially in the field of cryptocurrencies, where the manipulation of public opinion can have significant financial consequences.

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