Monday, September 8, 2025

Latest

Peter Schiff Scoffs At SEC For Going After Kim Kardashian And Not “Real Pumpers” Michael Saylor And CNBC

Economist and perennial Bitcoin critic Peter Schiff called out the US Securities and Exchange Commission for fining Kim Kardashian for pumping crypto in 2021 while leaving out what he called the “real pumpers:” Michael Saylor and CNBC.

Schiff refers to Saylor’s promotion of Bitcoin. Saylor is a Bitcoin maximalist and when he was CEO of MicroStrategy, the cryptocurrency became a critical part of the company’s overall strategy, effectively becoming a holding vehicle for the cryptocurrency. 

Saylor stepped down as CEO in August after the company’s second-quarter earnings release, which showed a loss of $1.06 billion, including the $917 million impairment charge based on the value of Bitcoin on the company’s balance sheet. Bitcoin’s price has since plunged after it peaked in early November last year.

Saylor continues to promote Bitcoin, describing his shift from CEO to Chairman as putting his sole focus on the cryptocurrency.

Schiff has also previously called out CNBC for pumping crypto through advertising and allegedly giving “industry pumpers” the space and airtime to lure readers and viewers into buying Bitcoin.

Schiff is a known non-believer of cryptocurrency, even calling it a scam many times over. But he was, at one point, willing to sell off Euro Pacific Bank for crypto.

Kim Kardashian, meanwhile, has recently agreed to pay the SEC fine of $1.26 million. The celebrity was fined for failing to disclose that she had been paid $250,000 to post about a crypto token sold by EthereumMax in June 2021.


Information for this briefing was found via Twitter, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

Related News

Spencer Schiff, Former Bitcoin Bull, Now Believes AI Is the Answer

Spencer Schiff, known for advocating Bitcoin as the top cryptocurrency, has taken an unexpected turn,...

Tuesday, August 1, 2023, 02:56:00 PM

MicroStrategy Dropped From S&P Small Cap 600 Index

It appears that not everyone on the institutional side of capital markets is in love...

Sunday, September 5, 2021, 09:00:00 AM

Kim Kardashian Speaks at Harvard Business School, Posts About It, Gets Slammed — But Here’s What You Should Know

If there’s anything Kim Kardashian knows how to do, it’s getting publicity. Recent headlines point...

Monday, January 23, 2023, 03:51:00 PM

Kim Kardashian, Floyd Mayweather, Paul Pierce Sued Over Crypto Scam

It appears that rug pulls in cryptocurrency markets are becoming increasingly more common, with even...

Tuesday, January 11, 2022, 01:42:02 PM

Peter Schiff, Who’s Proud to Claim America Was Founded By ‘Rugged Individuals,’ Is A Little Too Concerned About Zelenskyy’s T-Shirt

Economist Peter Schiff tweeted an interesting reaction to Ukrainian President Volodymyr Zelenskyy’s appeal to US...

Wednesday, March 16, 2022, 03:42:00 PM