The Securities and Trade Fee stated this week that it has settled fees towards Kim Kardashian for selling a crypto funding on her Instagram web page. In June 2021, Ms. Kardashian touted EthereumMax’s token, EMAX, to her 331 million followers, with out disclosing she was paid $250,000 for the put up.
It was a nasty funding for her followers. EMAX has since misplaced 99% of its worth. To settle the costs, Ms. Kardashian should disgorge the charge with curiosity, pay a million-dollar penalty, and promise to not promote any crypto merchandise for 3 years.
