Kim Kardashian will pay $1.26 million to settle federal charges that she promoted a cryptocurrency without disclosing she was paid to do so, the Securities and Exchange Commission said Monday.
“Are you guys into crypto????” Kardashian wrote in a June 2021 post, according to the SEC’s order. “This is not financial advice but sharing what my friends just told me about the Ethereum Max token!” “This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” SEC Chair Gary Gensler said in a statement. “We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals.”
Kardashian lawyer Patrick Gibbs, a partner at the Cooley law firm, said in a statement that Kardashian is “pleased to have resolved this matter with the SEC.” He added that the agreement allows her to “move forward with her many different business pursuits.”
It's not a grift when Black people do it...see BlackLivesMatter BlueLivesMatter AllLivesMatter BackTheBlue
Annnndddd any average person would go to prison
Another Trump
The rich still play by a different set of rules - just pay money so you don't have to be held accountable. It's almost like lady justice only wears the blindfold to symbolize how she'll look the other way if you pay her.
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