Kim Kardashian

The United States Securities and Exchange Commission (SEC) announced Monday that it had filed charges against Kim Kardashian for promoting EthereumMax on ...

[had been sued](https://coingeek.com/kim-kardashian-floyd-mayweather-sued-over-worthless-ethereum-max/) earlier this year by a group of investors who purchased EthereumMax before it collapsed. The settlement also serves as a reminder to celebrities that U.S. Part of that law said that if you tout a stock, you have to disclose if you’re getting paid.” [claimed](https://www.sec.gov/news/press-release/2022-183?utm_medium=email&utm_source=govdelivery) that the reality TV star violated the anti-touting provision of the federal securities laws. Kardashian posted to her 250 million Instagram followers in June 2021, touting EthereumMax and its token-burning mechanism. She also agreed not to promote any digital asset security for three years.

Kim has been caught out over failing to disclose that she was being paid to advertise a crypto company.

She has also pledged to not promote anything to do with crypto for the next two years. "She wanted to get this matter behind her to avoid a protracted dispute. Now, Kim has agreed to pay the million dollar fine as she failed to disclose how much and that she was getting paid to promote the company. In June last year, Kim posted to her 330 million followers the financial post which contained a link to the crypto website, and posted instructions on how to purchase, without telling her followers that she was being paid to do so. The 41-year-old reality star was paid $250,000 (£220,000) for promoting a cryptocurrency company on her Instagram stories, but failed to disclose that she was being paid to post it. [Kim Kardashian](https://www.capitalxtra.com/news/celebrity/kim-kardashian/) has been fined $1.26m (£1.12m) over failing to disclose an advertisement for a crypto company on her Instagram feed.

The reality TV star also must give up the $250,000 she was paid for the Instagram post about Ethereum Max tokens, plus interest, according to a Securities and ...

October 4th, 2022 It also corrects the name of the CFTC. October 2nd, 2022 A bipartisan proposal last month would hand regulatory authority over bitcoin and ether, two popular cryptocurrencies, to the [Commodity Futures Trading Commission](/storiesByEntityId/62422b8c6880e45323c063f8/Commodity Futures Trading Commission). More recently, amid a decline in overall markets, This story has been updated to correct the spelling of the actor’s last name.

The settlement does not involve admitting any wrongdoing, but she is agreeing to pay $260000 in disgorgement and another $1 million fine to settle the ...

Investors are entitled to know whether the publicity of a security is unbiased, and Ms. "The federal securities laws are clear that any celebrity or other individual who promotes a crypto asset security must disclose the nature, source, and amount of compensation they received in exchange for the promotion. That's a big problem that got her in trouble with the United States Securities & Exchange Commission, which recently announced a sizable settlement with the reality TV superstar to the tune of $1.6 million.

While commenting on Kim Kardashian's recent deal with the SEC, the gold bug fired at “the real pumpers”… Michael Saylor? and… CNBC? Did Peter Schiff and his ...

Bitcoin has been a “benefit on marketing and sales” and a “net positive” for the company. In fact, he qualifies it as “a screaming homerun for the shareholders.” When a Twitter user pressed him on the similarities between him shilling gold and Saylor bitcoin, Schiff responded: “My recommending gold is not the same as bitcoin owners looking to sell pumping bitcoin. Also my advocacy of gold has no effect on its price.” Is he implying that Saylor sells his bitcoin and moves the market with his tweets? That’s the SEC’s official stance on the matter. Advocating a commodity is similar to promoting steel, aluminum, concrete, glass, or granite. In addition, the socialite agreed to stop promoting “crypto securities” for the coming three years and to cooperate with the SEC’s ongoing investigation.” And you can be sure that CNBC discloses all of the payments they get for crypto ads. That’s the case in a nutshell. What about the real pumpers? This might be Peter Schiff’s weirdest take, and the man’s got a few. Or is he playing dumb, attacking his perceived enemies, and muddying the waters?

Kim Kardashian agreed to pay $1.26 million to settle charges related to a crypto ad, the SEC said. Kardashian failed to disclose how much she was paid to ...

The agreement she reached with the SEC allows her to do that so that she can move forward with her many different business pursuits." Kardashian failed to disclose this information." "Are you guys into crypto????," said the post, which had a link to the EthereumMax website.

Kim Kardashian has been hit with a $1.26 million fine over an Instagram post that she failed to disclose was paid-for.

"She wanted to get this matter behind her to avoid a protracted dispute. [BBC](https://www.bbc.co.uk/news/technology-63116235): "Ms Kardashian is pleased to have resolved this matter with the SEC. "We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals." The post, which was published in June 2021, included a video from the mum-of-four in which she said she was making a "big announcement". By doing so, she broke a part of the Securities Act that makes it unlawful for people to promote securities without fully disclosing any payment they had received to do so, the SEC said. Kardashian suggested in the post that she had been told about the token by "friends" and included the disclaimer that "this is not financial advice".

If you're going to tout crypto, tout a crypto company — not a coin.

Twitter is different for crypto than it is for other areas of interest. Why it matters: Twitter is (for now) indispensable to following blockchain technology. How it works: If you're endorsing a company, the only rules that apply are the relatively lax ones from the FTC. That brings it under SEC jurisdiction, which is much stricter than the FTC regulations governing most advertising. The seeming double standard is a function of a subtle yet crucial distinction in securities law. - A single post on Kardashian's Instagram page, by contrast, for a coin almost no one had heard of, might have caused losses for anybody who bought that coin after seeing the ad.

She tried to sell digital assets on social media without disclosing she was being paid by the provider.

This is a severe dressing down both financially and in terms of reputation for the Queen of reality TV who has agreed not to promote any crypto asset securities for three years. “Regulators are clearly horrified at the damage superstar celebrities can do to the bank balances of vulnerable consumers, who are influenced by almost every move they make. The regulator discovered that Kardashian failed to disclose she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security offered by EthereumMax.

As part of the settlement, Kardashian has also agreed to cooperate with an ongoing SEC investigation and said she will not promote any crypto asset securities ...

This story is part of Entrepreneur's 100 Women of Influence in 2022. Find the rest of the list here. Courtesy of Kim Kardashian.

The SEC has charged reality TV star Kim Kardashian $1.26m for touting a cryptocurrency without disclosing that she was paid for it.

Also, a group of regulators put together after the financial crisis weighs on how risky digital currencies are to the economy.

Kardashian, boxer Floyd Mayweather Jr, basketball player Paul Pierce and EthereumMax's creators were sued by investors in January, as the coin plunged in value ...

Although she did not admit or deny the SEC's allegations, Kim Kardashian was found to have touted on social media a crypto asset security offered and sold ...