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One of the most famous names on social media Kim Kardashian, created a major controversy with the cryptocurrency ad he shared last year. Kardashian and names like Floyd
One of the most famous names on social media Kim Kardashian, created a major controversy with the cryptocurrency ad he shared last year. Kardashian and names like Floyd Mayweather and Paul Pierce shared an advertisement for a cryptocurrency called ‘EthereumMax’ from their personal Instagram accounts.
On these stocks, the market value of the cryptocurrency suddenly rises had increased by 632%. When starting an investigation into the stock in question, today From the US Securities and Exchange Commission (SEC) Important news has come in. The SEC has announced the conviction of Kim Kardashian.
According to the announcement shared by the SEC, Kim Kardashian, because of the EthereumMax (EMAX) ad she posted on her Instagram account. 1 million $260,000 fine convicted. He was also banned from entering into cryptocurrency partnerships for three years. However, the SEC announced that Kardashian has received $250,000 for advertising. The reason for the punishment was stated as follows:
“The Securities and Exchange Commission charged Kim Kardashian today for posting to social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the ad.”
On the other hand, Kardashian has not provided any information as to whether the SEC has confirmed its conclusions. It was shared that the well-known name only agreed with the SEC on the fine. While $1 million of Kardashian’s penalty was the penalty given as a result of her action, the rest belonged to Kardashian. under the agreement It was $250,000 and $10,000 in interest.
Besides all this SEC chairman Gary Gensleralso issued a warning through the institution’s official YouTube account. Gensler warned investors not to invest in anything just because influencers advertise.
Source: Web Tekno
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