$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.
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