Kim Kardashian has agreed to pay $1.26 million in penalties to the SEC to settle charges that she illicitly touted a cryptocurrency token on social media without disclosing how much she was paid for the promotion.
In June 2021, Kardashian posted an Instagram story inviting her 328 million followers to invest in EthereumMax.
Kardashian was one of many celebrities who werepart of a crypto craze last year, which included intense interest in and advertising and funding of cryptocurrencies and their related technologies. Cryptocurrencies are digital assets, such as Bitcoin, that can be bought and sold via cryptocurrency exchanges. EthereumMax is a cryptocurrency token, which is a tradable asset built on pre-existing cryptocurrency technology.
The SEC hasn’t announced charges against the other advertisers named in that suit related to EthereumMax. Two years ago, Mayweather and music producer DJ Khaledwith promoting an initial coin offering without revealing their compensation. Mayweather paid penalties totaling $614,775, while Khaled paid $152,725, according to an SEC release. Neither admitted or denied the charges or immediately responded to requests for comment.
At the height of the crypto craze, numerous celebrities and influencers promoted a slew of coins and cryptocurrencies
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
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
Lire la suite »
Kim Kardashian Settles With SEC, Pays $1.26M for Unlawfully Promoting EthereumMaxKardashian's negative experience with promoting crypto assets continues.
Lire la suite »
Kim Kardashian charged by SEC for unlawfully promoting EthereumMaxKim Kardashian has been charged by SEC for touting cryptocurrency on social media, the reality TV star will co-operate with the regulator in its ongoing investigation.
Lire la suite »
SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax – Regulation Bitcoin NewsThe U.S. SEC filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. Kardashian agreed to pay $1.26 million to settle the charges.
Lire la suite »