Matt Damon Opens Up About His Infamous Crypto.com Commercial

2023-3-30 16:00

Actor-producer Matt Damon has revealed what he says is the actual reason behind his now-infamous ad deal with Crypto.com.

Damon was among the first major celebrities to endorse crypto in late 2021.

Crypto.com Commercial for the Benefit of Charity

When Matt Damon launched his cryptocurrency effort for the Crypto.com exchange, markets were just below their cycle peak. The American actor claimed he accepted the commercial to benefit his foundation. 

In an event for his upcoming movie ‘Air,’ Damon stated, “The story behind that for me, personally, was that we had a down year in water.org. And I did that commercial in an attempt to raise money for water.org.”

Damon disclosed that during the slump, he donated his entire salary to his non-profit. He expressed gratitude to crypto.com for independently donating $1 million to the charity.

SEC Ramps Up Supervision After FTX Implosion

Damon’s appearance in the infamous ad is making headlines amid tightening action by the U.S. securities regulator. 

Matt Damon Crypto.com Ad

Last week, the Securities and Exchange Commission announced action against several celebrities, including Lindsay Lohan and Jake Paul. This was after acquisitions had surfaced in 2021 that actors and social media influencers heavily promoted the TRON network without clarifying that they were sponsored endorsements. 

The regulators have previously reprimanded Crypto.com for its crypto ads. The UK’s Advertising Standards Authority (ASA) took down a sponsored Facebook advertisement from Crypto.com last year. It was held that the ad failed to highlight the risk associated with investing in NFTs and omitted to make clear the fees that would apply.

Singapore-based Crypto.com was investing heavily in promotions and sports partnerships. Crypto.com not only splurged to feature in the Super Bowl, it previously inked a $700 million agreement to rebrand the Los Angeles Staples Center as the Crypto.com Arena.

However, the FTX implosion has been a blow to the sector. Crypto.com reportedly fired 2,750 employees in the last financial year. In January, the platform said it is reducing its global workforce by approximately 20%.

The post Matt Damon Opens Up About His Infamous Crypto.com Commercial appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

matt crypto damon commercial opens infamous deal

matt crypto → Результатов: 71


Mythbusting Solana – downtime, competition and technology with Matt Sorg of Solana Foundation – SlateCast #38

Solana Foundation‘s Product and Technology Leader, Matt Sorg, talked to CryptoSlate’s Akiba about Solana and its future in the crypto sphere. The post Mythbusting Solana – downtime, competition and technology with Matt Sorg of Solana Foundation – SlateCast #38 appeared first on CryptoSlate.

2022-12-3 15:15


Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K.

Conservative MP and crypto advocate Matt Hancock in a keynote speech delivered at Crypto A.M.’s 4th anniversary on June 22 called for a crypto-friendly tax and regulatory regime. The post Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K. appeared first on CryptoSlate.

2022-6-24 06:45


There Are “Bigger Risks in Not Participating” in Crypto, says CEO of Australia’s Biggest Bank

Matt Comyn, Chief Executive Officer of Commonwealth Bank of Australia, says one of the most significant risks banks face regarding cryptocurrencies is FOMO, being left out of the market. While crypto assets are “very volatile and speculative,” banks need to trade them due to the insatiable demand from customers and be involved in the adoption […] The post There Are “Bigger Risks in Not Participating” in Crypto, says CEO of Australia’s Biggest Bank first appeared on BitcoinExchangeGuide.

2021-11-20 17:41


Фото:

DeFi strategist Matt West claims the infrastructure bill can be fixed

Matt West, a DeFi strategist, and a Democratic congressional candidate believes there is still time to amend the US infrastructure bill, which President Biden signed into law on November 15. The bill passed into law without amendments to the broad provisions that could introduce stricter reporting requirements on crypto network validators and software developers.

2021-11-18 01:43


Мэтт Деймон стал амбассадором криптовалютной платформы Crypto.com

Лауреат премии «Оскар» актер Мэтт Деймон стал амбассадором гонконгской криптовалютной платформы Crypto. com https://t. co/YmDlnUIfTV is launching an ad blitz spearheaded by Matt Damon as the platform tries to bring digital assets to customers in more than 20 countries https://t.

2021-10-28 16:33


Фото:

CBD Coffee Company Leverages Censorship-Resistant Nature of Crypto

On December 8, the U.S.-based coffee firm that uses cannabidiol (CBD) in its product, Crazy Calm, launched a promotion that aims to send $5 per order to the charity EatBCH. The founder of Crazy Calm, Matt Aaron, also detailed that the startup wanted to leverage the payment processor Shopify but the company closed their account […] The post CBD Coffee Company Leverages Censorship-Resistant Nature of Crypto appeared first on Bitcoin News.

2019-12-11 02:10


Фото:

Bloomberg Bitcoin ‘FUDster’ Promoted ‘Faketoshi Wannabes’ Last Year

A Bloomberg journalist who published a ‘bitcoin manipulation FUD’ article yesterday was called out for promoting Satoshi Nakamoto wannabes in June last year.   One of Bloomberg’s journalists, going by the name of Matt Leising, caught the attention of the bitcoin and crypto Twitter community yesterday for his latest article on a ‘new Tether FUD’.

2019-11-5 13:00


Toxic Crypto Twitter Drama Unfolds Between Bitcoin Developer and Blockstream’s CSO

A recent debate on Twitter has left two significant stakeholders not feeling very chummy with each other. The Chief Strategy Officer (CSO) of Blockstream, Samson Mow, has ended up on the bad side of Matt Corallo who is also the firm’s co-founder, eventually being blocked by the latter. Corallo has complained that Mow, along with […]

2019-5-30 19:10