Kim Kardashian has been charged by the SEC for unlawful promotion of a crypto currency and agreed to pay a $1.26 million fine.
According to the SEC, Kardashian used her social media to tout the crypto currency sold by EthereumMax without disclosing the payment she received for the promotion
“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,” said SEC Chair Gary Gensler in a statement.
This is a developing story…