Cristiano Ronaldo faces $1B lawsuit over Binance ads

“Or is it proof that they don’t want you to know about crypto? Uhuh?”

I guess it's because the suers are US nationals. Also, I think he has businesses in the US, of course he has business interests and residences in the US, and has been sued at least once in Nevada.

I don't think the nationality of the exchange is important here, as they're going against CR, and not the exchange, AFAIK.

The dude has > 400 million $ of wealth. A lot of that will have some exposure to the US - either it's held in US banks and companies, or it's held in banks that deal with the US, or it's denominated in dollars, or his income is tied to US companies (sponsorships!), and every single one of these alone is enough for the US to assume global jurisdiction.

Probably targeted US customers

If everything that happens anywhere is securities fraud, why not this too?

> If a foreign company issues stock only abroad, never raises money in the U.S. or asks to have its stock listed here, and never files financial statements or other information in the U.S., but nonetheless (1) has an unsponsored unlisted ADR in the U.S. and (2) has some misstatements in its (totally non-U.S.) disclosure, is that securities fraud in the U.S.? Sure, of course, everything is!

https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...

There are probably planets out there parsecs away from earth, whose inhabitants are going to be so screwed when the US government shows up to collect fines for all the US laws they have violated.

> There's no point acting all surprised about it; the p̶l̶a̶n̶s̶ ̶a̶n̶d̶ ̶d̶e̶m̶o̶l̶i̶t̶i̶o̶n̶ ̶o̶r̶d̶e̶r̶s̶ laws and SEC regulations have been on display at your local planning department in Alpha Centauri for fifty of your years. If you can't be bothered to take an interest in local affairs, that's your own lookout.

But it doesn't say who the plaintiffs are. Most likely just lawyer trolls looking for a quick settlement.

I think it's the difference between advertising a crypto investement (e.g. a company) vs a cryto security (a specific coin). Matt Damon advertise a company, Kim Kardashian a specific coin. https://www.axios.com/2022/10/04/kim-kardashian-crypto-fine-... I don't know what Cristiano Ronaldo did, sounds like he pushed a specific NFT?