Kim Kardashian to pay $1.3M fine to settle SEC charges over crypto promo

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Kim Kardashian’s crypto misadventure has landed her in hot water with federal regulators.

, asking her millions of followers: “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”

The post included a link to EthereumMax’s website, which had instructions for potential investors to purchase EMAX tokens, the SEC statement said.Kardashian agreed to pay $1.26 million in penalties, which includes her promotional payment, and to cooperate with the commission's investigation “without admitting or denying the SEC’s findings,” the statement said.

 

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Thank you SEC for the free marketing so many people have been sticking up its 2 fingers at you and joining ethereum_max so much going on come be part of it too Come see what’s after Gamification 💪🔥💪🔥

Let’s go emax 🚀

Crypto is not a stock and not a security or commodity or future . Promoting a financial instrument in which is not even regulated or clearly defined is not braking any statue . Anybody promoting ANY product is guilty of something? I don’t see advrtizing stars disclosing fee paid

Throw Her In Jail

For the life of me, I could never understand the public fawning over a group of vain, no-talent women who serve no useful purpose to society.

Finally

Who cares about her and her family ! They are annoying as hell 🤬🤬🤬

“Hot” water - it sounds like it’s lukewarm at best. The rich stay richer ALWAYS.

she found that million in her couch cushions BFD

Well, that's one way to tax the rich I guess.

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Kim Kardashian to pay $1.26M to settle SEC crypto chargesThe SEC alleged that the celebrity billionaire used her Instagram account to tout EthereumMax’s token, EMAX, without adding any disclaimer that she was being given $250,000 to publish the posts. The rich still play by a different set of rules - just pay money so you don't have to be held accountable. It's almost like lady justice only wears the blindfold to symbolize how she'll look the other way if you pay her. Another Trump Annnndddd any average person would go to prison
Source: politico - 🏆 381. / 59 Read more »

Kim Kardashian pays over $1M to settle SEC charges related to crypto promo on InstagramThe SEC said Kim Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram about EMAX tokens — a crypto asset security offered by EthereumMax.
Source: FOX26Houston - 🏆 448. / 53 Read more »

Kim Kardashian Pays $1.26M to Settle SEC Charges For Promoting EthereumMaxBREAKING: SECGov has charged KimKardashian for unlawfully touting EthereumMax without disclosing the payment she received. By OKnightCrypto SECGov KimKardashian OKnightCrypto I can t get whyy no one sshare thiss SECGov KimKardashian OKnightCrypto No one is above the law. SECGov KimKardashian OKnightCrypto Damn Kanye West needs to get involved !!
Source: CoinDesk - 🏆 291. / 63 Read more »

Kim Kardashian Charged by SEC for Crypto Promo, Agrees to Pay $1.26 MillionKim Kardashian failed to tell her followers she was paid to promote a crypto asset -- a mistake that's now cost her $1.26 million and charges from the Securities and Exchange Commission. Will probably cost her shot at becoming a lawyer as well. The California Bar Association loves to deny approval of character and fitness applications on grounds of crimes involving fraud, especially SEC related ones. She has money. The law license is the one thing she wanted. She should pay the fine in crypto 😂 She should be charged PER FOLLOWER, let it hurt.
Source: TMZ - 🏆 379. / 59 Read more »

Kim Kardashian settles SEC crypto charge, to pay $1.26 millionKim Kardashian has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million in penalties and associated fees, the U.S. Securities and Exchange Commission said on Monday. And still people will be googling which project she was promoting.. the influence carries on 😅 Fanatastic . Fine her some more KimKardashian These sort of fines should be based on personal income and wealth. This is like most people paying $100
Source: Reuters - 🏆 2. / 97 Read more »