I couldn’t sacrifice my heart for a publicity stunt – On the other hand, the bag of her fans doesn’t bother her too much. But being famous isn’t immunea test when it comes to cryptocurrencies, and this, Kim Kardashian had not foreseen.
Crypto and swimsuit, the solution for a successful summer?
In June 2021the reality TV “star” had promotedEthereum Max (EMAX) on Instagram, without indicating that she was paid to do it.
Presented with the eternal phrase “this is not investment advice”, the post explained how fantastic the token was and that it would be a shame to miss such an opportunity.
With over 228 million followers active on the account, it is easy to imagine the number of people who could be seduced by this incredible offer made by their favorite star.
The shitcoin had also been shared by the boxer Floyd Mayweather And Paolo Pierce (Boston Celtic). The star with swollen breasts like her ego indicated that she ” he was just sharing what his friends just said about the EMAX token“.
However, she forgot to specify that she had been paid more $ 250,000 to promote this project. And this, the SEC (Securities and Exchange Commission) did not greatly appreciate. In the United States there is an “anti-solicitation” law and the young woman’s case fits perfectly into the picture.
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Kim stays DRY despite the beach
Following complaints from many users, the SEC quickly stepped in. The trial is still ongoing, but the case looks pretty bad for the 3 celebrities.
The process, highlighted in front of cameras that they are happy to see their favorite baby’s new adventures, allows the SEC to take the point home.
“This case is a reminder that when celebrities or influencers approve of opportunities investment products, including cryptocurrency stocks, does not mean that these investment products are suitable for all investors. […] We encourage investors to consider the potential risks and opportunities of an investment in light of their financial objectives. […] Ms. Kardashian’s case also reminds celebrities and others that they are required by law to disclose to the public when and how much they are paid to promote investment in securities. “
Gary Gensler, president of the SEC
Many people took the young woman’s advice, which she did pump the price of EMAX more than 1370% Right now. Then, as was easy to imagine, it was the brutal fall, more than 98%. It is unknown if Kim took the opportunity to sell her tokens, as well as take a huge commission on the shoulders of her fans.
The star hasn’t spoken publicly about having “tried” to hide things, certainly without knowing her own free will. However, she agreed to pay the SEC a check $ 1.26 million.
He also promised not to highlight any signs either cryptocurrency, for a period of three years. If she couldn’t talk about it at all, our ecosystem would be better off in the end.
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