SEC ‘Charges Kim Kardashian for Unlawfully Touting Crypto Security’, She Agrees to Pay $1.26M

The U.S Securities and Exchange Commission (“SEC”) announced on Monday (October 3) 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