I couldn’t sacrifice my heart for a publicity stunt – On the other hand, the bag of her fans doesn’t bother her much. But being famous is not immunea trial when we talk about cryptocurrencies, and this, Kim Kardashian did not foresee.
Crypto and swimwear, the solution to a successful summer?
IN June 2021had promoted the “star” of reality televisionEthereumMax (EMAX) on Instagram, without disclosing that she was paid to do so.
Introduced with the eternal phrase “this is not investment advice”, the post explained how fantastic the sign was and that it would be a shame to miss such an opportunity.
With more 228 million followers active in the account, it is easy to imagine the number of people who could be lured by this incredible offer presented by their favorite star.
Shitcoin was also shared by the boxer Floyd Mayweather AND Paul Pierce (Boston Celtic). The star with her chest puffed up like her ego revealed that she ” was just sharing what his friends just said about EMAX token“.
However, she forgot to specify that she was paid more than 250,000 dollars to promote this project. And the SEC (Securities and Exchange Commission) didn’t really appreciate that. In the United States, there is an “anti-solicit” law, and the young woman’s case fits perfectly into the framework.
Kim stays dry despite the beach
After complaints from many users, the SEC quickly stepped up. of Court case it is still in progress but the case seems pretty bad for the 3 celebrities.
The trial, spotlighted in front of cameras who are delighted to see the new adventures of their favorite bimbo, allows the SEC to drive the point home.
“This case is a reminder of when celebrities or influencers support opportunities investment products, including crypto asset securities, 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 tell the public when and how much they are paid to promote securities investing. »
Gary Gensler, Chairman of the SEC
Many people followed the advice of the young woman, who did PUMP the price of EMAX more than 1370% at this moment. Then, as it was easy to imagine, was the brutal fall, and more than 98%. It is not known if Kim took advantage of the opportunity to sell his tokens, other than receiving a large commission on the backs of his fans.
The star has not spoken publicly about the fact that she “tried” to hide things, of course without knowing her free will. However, she agreed to pay the SEC a check 1.26 million dollars.
She also promised not to highlight any signs or cryptocurrency, for a period of three years. If she just couldn’t talk about it at all, our ecosystem would be better off, after all.
In France, at least things are clear! Registration with AMF status, PSAN, CZ platform is on the nail. Run to register on Binancethe absolute standard for crypto exchanges (trading links).