The Securities and Exchange Commission on Monday charged reality star Kim Kardashian over a post she made promoting a crypto asset security sold by EthereumMax"without disclosing the payment she received for the promotion."The SEC alleged that Kardashian failed to disclose that she received $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax.
"We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals," he added. "Ms. Kardashian is pleased to have resolved this matter with the SEC," Kardashian’s lawyer told ABC News in a statement. "Kardashian fully cooperated with the SEC from the very beginning and she remains willing to do whatever she can to assist the SEC in this matter."
Kardashian is among a number of celebrities named in a class-action lawsuit filed last January in a California U.S. District Court over allegations from investors that they suffered losses after the celebrities promoted the crypto coin. That court case is ongoing.
Got to make money somehow. Now that her star is falling.
get it off my screen .. now . im not interested
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The SEC is bullying Kim Kardashian, and it could chill the influencer economyThe SEC's move to slap Kim Kardashian with a $1.26 million fine risks alienating other influencers in the United States, potentially pushing them to countries with more favorable policies. 🚀Thnkss a millon. So you mean, 🔥 people's priintiing free,makiing free 💰 from 1iinchh and you won't mentiion iit Not allowing to promote scams is bullying?
Source: Cointelegraph - 🏆 562. / 51 Read more »
Kim Kardashian pays SEC $1.26 million to settle EthereumMax chargeKeeping up with the Kardashians. Kim Kardashian will pay $1.26 million to the SEC for promoting EthereumMax to her Instagram followers without disclosing the payments she received. I remember also FloydMayweather promoting that shit 😅🙅♂️
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Kim Kardashian charged by SEC, agrees to pay $1.3 million fineKim Kardashian agreed to pay a $1.26 million fine to the Securities and Exchange Commission to settle civil charges after the reality TV star touted a crypto asset, EthereumMax, on Instagram. Lol she’ll just shill anything huh?
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Kim Kardashian Responds To $1.26M SEC Fine For Cryptocurrency Pitch & Payments – Update(2:15 PM Updated with Kardashian lawyer statement) Kim Kardashian will pay $1.26 million and has agreed not to promote any crypto securities for three years to settle charges with the SEC that she … 🤣🤣🤣🤣 it's called karrrrrrrrmmmma What the Devil made her do it..
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Kim Kardashian pays $1.26 million fine for paid crypto ad, SEC saysKim Kardashian has promoted everything from appetite-suppressing lollipops to melon-flavored liqueur to toilet paper, but it was her foray into the murky world of cryptocurrencies that got her into hot water. Too much Botox on the brain... So, she’s an admitted criminal, yes? Hardly nothing.
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Breakingviews - Kim Kardashian makes an example out of the SECGary Gensler is gaining some Instagram fame. The U.S. Securities and Exchange chair imposed a $1.3 million penalty on Kim Kardashian in a transparent attempt to send a high-profile warning to other influencers and wannabes about the dangers of hyping cryptocurrency. In the end, though, she may wind up making an example out of him. Lmfao she'll make that back in 10 minutes max. 😳😳 More than half a million people marched on the streets of over 170 cities across the globe in solidarity and support for Iranian movement for freedom. Why did not cover any single article on this topic? Stand with people of Iran fighting for their democracy and freedom
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