Gala Games removes influencer over token price focus, sparking debate on crypto coverage rules
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Gala Games removed influencer Jesus "Classy" Martinez from its creator program due to concerns his content focused too much on token prices and "ROI".
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Gala says creators in the program get insider info on upcoming news and launches, so it doesn't want creators who promote tokens or "moonboy" content.
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Blockchain gaming revolves around crypto tokens and NFTs, so preventing creators from covering the financial aspects is paradoxical.
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An outside legal expert said Gala likely wouldn't be liable for influencers promoting tokens, but the influencers themselves could be.
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Gala's terms of service say the Gala token isn't a security, but judges ultimately decide whether crypto tokens are securities subject to insider trading laws.