Kim Kardashian Fined 1.26M By Sec For Crypto Promotion
Kardashian agreed to settle the charges without admitting or denying wrongdoing, the outlet said. He agreed to pay $1.26 million in penalties. The SEC said Kardashian failed to disclose in a June 2021 Instagram post promoting tokens offered by EthereumMax that she was being paid $250,000 for that endorsement. He will pay that amount plus interest, as well as a $1 million fine. “This case is a reminder that when celebrities or influencers endorse investment opportunities, including crypto-asset securities, it does not mean that these investment products are suitable for all investors,” said SEC Chairman Gary Gensler....