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More recently, amid a decline on banking and consumer issues. Ken is a national writer of the CFTC.

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Kim Kardashian to Pay $1.3 Million to SEC for Crypto Touting
Charges Over Crypto Promotion. The S.E.C. said Ms. Kardashian had not disclosed she had been paid to promote a crypto token sold by EthereumMax. The reality television star and influencer has agreed to settle charges of unlawfully touting a crypto security and to pay $ million in. 3. Kardashian promoted a crypto asset security on her Instagram account in exchange for financial payment from the issuer. Kardashian received.

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Gensler said the case also serves as a reminder that the law requires celebrities and others to disclose when and how much they are paid to promote investing in securities. In the meantime, the SEC will most likely maintain a strict view about the need for clear language about how a celebrity is being compensated for promoting any asset, including a digital one, he said. Election