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Why Kim Kardashian's SEC settlement should serve as warning on how cryptocurrency is promoted

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Reality TV star Kim Kardashian agreed to pay US$1.26 million to settle Securities and Exchange Commission (SEC) charges against her over her promotion of a cryptocurrency, offered by EthereumMax, on Instagram without disclosing she'd been paid $250,000 to do so.

Global's Anne Gaviola speaks with Brett Chang from The Peak Daily podcast, who says while some celebrities have been promoting cryptocurrency "above board," it remains to be seen on how the SEC may crack down on other celebrities advocating for crypto like Kardashian had.

However, he says the SEC fine against the reality star shows no one is free from these types of regulations.

For more top business and tech news, visit The Peak Daily at https://readthepeak.com/shows/the-peak-daily

For more info, please go to https://globalnews.ca/news/9171729/kim-kardashian-sec-settlement-crypto/
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Category
U.S. & Canada
Tags
global news, Kim Kardashian, Kim Kardashian Ethereum
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