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Kim K. Fined For Promoting Crypto

Benzinga

1 Views • Oct 03, 2022

Description

Entrepreneur and reality TV star Kim Kardashian agreed to settle regulatory allegations that she failed to disclose that she was being paid to promote EMAX tokens. “This case is a reminder that, when celebrities/influencers endorse investment apps, including crypto-asset securities, it doesn’t mean those investment products are right for all investors,” SEC Chairman Gary Gensler wrote Monday on Twitter ($TWTR@US). Kardashian will pay $1.26 million to settle the charges. She also agreed not to promo crypto assets for three years and will cooperate with an ongoing investigation.

Keywords & Tags

#Twitter #U.S. #Kim Kardashian #Securities and Exchange Commission #entrepreneur #SEC #Gary Gensler #Paying 1.26 Million #Settle SEC Probe #Crypto Promo #reality TV star #regulatory allegations #EMAX tokens #celebrityinfluencer #investment apps #SEC Chairman

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