Snoop Dogg will support Ripple at the upcoming event

Snoop Dogg, real name Calvin Cordozar Broadus, Jr., will be present at a digital currency event Ripple plans to hold soon.

This has been announced on the official website of XRP, but latest tweets from the famous rapper’s Twitter account neither confirm nor reject this at the press time. However, he or his agents would have rejected this by now if it wasn’t true. The private event will be held in New York City and the tickets are not sold openly.

This is one of the most notable examples of the engagement of stars with the world of cryptocurrency. Steven Seagal and Paris Hilton (or their agents) were not very picky when choosing token-related projects to promote which later resulted in reputational costs, small for the stars of such level, but they could have evaded this if they really did their homework on what they advertise. In the case with Ripple, there are some complaints from the retired and active regulators of the United States, but the project is not an outright scam.

When stars promote ICOs, regulators usually do not support this marketing scheme at all and insist that this violates securities legislation. Same has been recently said about Ripple, although the one who said it has no authority over the governmental financial agency he headed in the past.

Image courtesy of SUWalls