Kim Kardashian

Kim Kardashian has agreed to pay $US1.26 million ($A1.96 million) to settle Securities and Exchange Commission charges that...

The celebrity has to pay a total of $1.26m in penalties after she posted promotional material for a cryto asset without disclosing that she had been paid to ...

The US Securities and Exchange Commission on Monday said the reality TV star did not disclose a $250,000 payment she received to post about crypto security ...

The reality TV star hawked a crypto token on her Instagram account without telling her hundreds of millions of followers she'd been paid to do so.

Reality TV star Kim Kardashian agreed to cooperate with an ongoing investigation by the SEC as she settled charges she unlawfully touted a crypto asset.

Kardashian paid over $1.2 million to the SEC after she promoted a cryptocurrency token called EthereumMax.

What is the Kim Kardashian case and what does it say about the foggy world of crypto securities? We explain.

The post further said, “Sharing what my friends just told me about the EthereumMax token!”, and included the hashtag ‘#ad’ to show it was a paid advertisement. The case was filed in January by a New York resident who bought EMAX tokens and lost money. Kardashian will also have to return the $250,000, with interest, she received to put out a post about EthereumMax tokens.

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.

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

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 ...

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

Chairman Gary Gensler sent a message to celebrity crypto shills that will likely have little effect.