$1.3 Million Fine on Kim Kardashian by SEC

Created By Jyotish

The law crackdown Kim Kardashian for promoting Ethereum Max token

It is a stark Warning to all the celebrities who endorse investment opportunities, including crypto assets 

In January, cryptocurrency investors sued Paul Pierce, Floyd Mayweather, and even Kim Kardashian. 

They filed a lawsuit, alleging that the three celebrities tricked supporters into purchasing the token just before its value fell by 98%.

She didn't disclose that she had received $250,000 in exchange for publishing an Instagram story in June 2021 endorsing EMAX 

Kardashian agreed to pay the SEC $1.26 million to clear the investigation for duping fans 

SEC chair Gary Gensler seemed to send out a warning to other celebrities after the Kardashian ruling.