If the federal government wanted to make an example out of a celebrity failing to disclose payment for promoting a cryptocurrency, you can’t do better than Kim Kardashian. announced Monday in which she agreed to pay a fine of $1.26 million and not participate in any crypto promotions for three years in return for admitting no wrongdoing in connection to touting EthereumMax without specifying the $250,000 compensation.
This is notable, as it is the highest fine the SEC has levied to date on a celebrity for crypto shenanigans — an indication that the feds were looking to send a signal to other stars willing to play fast and loose with promotional guidelines. And it is possible that Kardashian will not have the ignominy of holding the record for largest SEC settlement for long: Boxing legend Floyd Mayweather is in front of the SEC for the second time for endorsing cryptocurrency — with his involvement in EMAX coming almost as soon as his
that’s not kim kardashian that’s zero suit samus
No it won’t. You just have to disclose it.
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Source: Variety - 🏆 108. / 63 Read more »