(Photo by Octavio Jones/TAS23/Getty Images for for TAS Rights Management)
You may have looked at the lawsuits directed at the now-imploded FTX’s spokespeople with a fair amount of derision — I know I did! Despite the settlements that have come in other crypto celebrity cases, I had my questions about the legal theory imparting liability to celebrities based on endorsement deals. (A class lawsuit was filed against the celebrity paid endorsers of FTX on the theory they violated a Florida law prohibiting the promotion of unregistered securities.)
But at least one celeb knew enough to ask the tough — or obvious, depending on your point of view — questions right from jump. I am, of course, talking about the incomparable Taylor Allison Swift.
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Recently, one of the attorneys behind the lawsuits, Adam Moskowitz, revealed on an episode of The Scoop podcast with Frank Chaparro that while Swift was being courted to hawk the crypto exchange, she made a pretty direct inquiry:
“The one person I found that did that was Taylor Swift. In our discovery, Taylor Swift actually asked them, ‘Can you tell me that these are not unregistered securities?’” Moskowitz said.
GREAT FUCKING QUESTION.
Swift never inked the deal — reportedly worth $100 million — saving herself the hassle of legal woes while she focuses on the Eras Tour. Maybe you can dress for Taylor’s securities enforcement era when the tour comes to your town.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].