On Monday (October 3), gold bug Peter Schiff said that instead of going after Kim Kardashian, the U.S Securities and Exchange Commission (“SEC”) should have charged “the real pumpers” like MicroStrategy Co-Founder and Executive Chairman Michael Saylor.
Bitcoin perma-bear Peter Schiff, who is one of Bitcoin’s harshest critics, is the CEO of Euro Pacific Capital, a full-service, registered broker/dealer specializing in foreign markets and securities. He is also Founder and Chairman of SchiffGold, a full-service, discount precious metals dealer.
Schiff’s comments were made following yesterday’s announcement by the SEC that it had brought charges against American media personality and entrepreneur Kim Kardashian for alleged promotion of cryptoasset $EMAX.
The SEC’s press release stated that these charges were “for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion” and that she had “agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation.”
The press release went on to mention that its order “finds that Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax” and that “Kardashian’s post cont
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