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Kim Kardashian pays over $1m to settle SEC charges linked to a crypto promo on her Instagram

Sarah Wolter

October 3, 2022

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Sarah Wolter

Kardashian agreed to pay $1.26m to settle the charges over a promotion on Instagram for EthereumMax’s crypto asset, the SEC said. She will also cooperate with an ongoing investigation, and has agreed to not promote crypto securities for three years, the regulator added.

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“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,” Gary Gensler, chairman of the SEC, said in a news release.

https://www.cnbc.com/2022/10/03/kim-kardashian-settles-sec-charges-instagram-crypto-promotion.html

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