Reality TV star Kim Kardashian has been fined US$1.26 million by the U.S. Securities and Exchange Commission (SEC) for promoting EthereumMax (EMAX) tokens on her Instagram account without disclosing the US$250,000 payment she received for the endorsement. The SEC said in a statement on Monday that Kardashian has agreed to settle and will not promote “crypto asset securities” for three years. However, is SEC Chair Gary Gensler only going after low hanging fruit in order to boost sentiment before a catastrophic failure against the highly popularized Ripple v. SEC case?
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~Kim Kardashian Charged For Crypto Scam | SEC vs. Crypto Exchanges Next?~
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30 Comments
I always give a video a down vote when they make me wait 60 seconds just to watch it
It is better to invest now. You will never be younger than you are today and there will never be a perfect time to invest. Due to compounding, which Einstein called the 8th wonder of the world, you can get rich slowly from investing if you do it from a young enough age.
Paul you never replay your live chat, there is always good information
Using Kardashian as a way to criminalize crypto to the masses. In the meantime Celsius is getting a bailout? Welcome to backward land.
This is just more left wing propaganda to scare people out of Crypto! They are simply using a well known celebrity as a set up to scare people out of investing into crypto! I guarantee that she didn’t pay a dime! THIS IS ALL PROPAGANDA!!
How can something that is a belief (crypto) be a security, when crypto is a belief and not secure, crypto is a gamble
It’s not a security at least ‘YET’. She should fight back.
How did gensler go from a lecturer touting blockchain to a man determined to bring down crypto?
Where is the 1.3 million going to go??? Back to the people who lost money? Or they gonna pocket it? SMH why do I even ask
GBP collapse, is it true?
Uncle Sam dont forget NANCY PELOSI !!!!!
I put too much into EMax…
Makes one wonder ,just who is the SEC and company trying to protect? The ELITIST with all the money and power? It seems to me that the government hates when the common people make very good money. That just isn't in the plans of there globalist agenda.
Gary the fairy should be sued for using his private account to promote sec garbage
Can't wait for the headlines to read SEC Chairman Charged with corruption over Ethgate!
Getting investment advice from Kim Kardashian is like getting relationship advice from Miss Cleo. Kahl mi now!!!
That would be most influencers, a lot don't clarify if there being paid to promote, so if they clarify there promoting based on a received payments, but it could also be every and anything. Pandoras box
I was scammed with eth max but I didn’t leave the space . I learned from my mistake and I have built a portfolio during the bear market of some top infrastructure tokens.
Well done information, gold in fact. I feel with my gut this is real and true. REAL NEWS. I can research more if I want. Even personal nuggets😂 ❤ This kind of news is kinda like the stage of BTC now or internet in 97’
M 30 Norway
Putting Kim K's case aside, Gary Gensler, who was chosen to SEC chair to help crypto. Instead of helping Cryptos, he's instigating quarrels and fights, and clamping down on crypto community. He should be voted out of his chair. He is nothing but trouble maker. Get rid of him from SEC!
509th…Thanks Paul
What better way to scare away potential new investors than to go after one of the biggest celebrities with the largest fan base. This will leave a bad taste in the mouth of anyone who was considering dipping their toes into the market for the first time, so commercial is investors can waltz in and scoop up the lion's share while prices are still low.
I could say that it is ridiculous to buy something just because some famous person recommended that. But I dropped my usdt on doge because I respect and trust Elon Musk. I mean he is smart and can really make head or tails of what he is talking about, but scandal stars are less likely to do the same
Lame argument against SEC Paul.ethMax, clearly a scam, I am happy for any action taken against her in this case.
We need all ethmaxs to die so that BTac, Eth, matic etc can flourish in the next bull runn
Happy for what happened to Kim 🙂
For sure?
How much are the banks paying Gensler? And why isn’t he required to disclose that?
As far as I know he only uses Bitfinex
You actually side with KK on this one? You can’t be serious?
Why be surprised?the entire kartrashan organization is a front for organized crime money laundering