Kim Kardashian Charged For Illegally Promoting EthereumMax

Kim Kardashian agrees to pay $1.26 million in penalty.

The SEC has charged Kim Kardashian for promoting EthereumMax without disclosing the payment she received for the promotion.

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Kim Kardashian agreed to pay $1.26 million in penalties, disgorgement, and interest.

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Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens.

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The famous TV star also agreed not to promo crypto assets for three years, and will cooperate with an ongoing investigation.

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The SEC noted that Kardashian violated the anti-touting provision of the federal securities laws.

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SEC Chair Gensler also published a video warning investors not to make investment decisions based solely on the recommendations of a celebrity or influencer.

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Kardashian’s current net worth is estimated to be around $1.8 billion.

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