Wednesday, December 7

Kim Kardashian pays millionaire fine for cryptographic promotion | Digital Trends Spanish


The model and influencer kim kardashian will have to pay a millionaire fine imposed by the United States Securities and Exchange Commission (SEC), after promoting the EthereumMax cryptoactive on Instagram.

At that time his promotion held the following:

“ARE YOU IN CRYPT??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”

Kardashian, who is reportedly worth $1.8 billion, has agreed to pay $1.26 million to settle the charges. She will also cooperate with an ongoing investigation, and has agreed not to promote crypto securities for three years, the regulator added.

“This case is a reminder that when celebrities or influencers endorse investment opportunities, including crypto-asset securities, it does not mean that those investment products are suitable for all investors,” said Gary Gensler, Chairman of the SEC. , in a press release.

In a statement, an attorney for Kardashian said she is glad the matter was resolved.

“Kardashian fully cooperated with the SEC from the beginning and remains willing to do whatever it can to assist the SEC in this matter. She wanted to put this matter behind her to avoid a prolonged dispute. The agreement that she reached with the SEC allows her to do that so that she can move forward with her many different business activities,” the statement said.

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