Khaled, banned from hawking securities for two years, would go on to lend his name to NFT creators Mayweather, who caught a three-year ban, also later jumped onto the digital art trend. Khaled’s and Seagal’s representatives did not reply to a request for comment. In 2020, actor Steven Seagal likewise paid a major fine for unlawfully touting an ICO. The pair avoided an additional investor lawsuit. ![]() (Neither Hilton nor Fallon returned a request for comment.) The actor Ben McKenzie, a prominent critic of cryptocurrency working on a book on the topic with Silverman, tells Rolling Stone that he believes Kardashian is the first of multiple celebrities who will be caught up in these investigations, noting that she has promised to cooperate with the SEC as they continue the probe, and that “others involved in EMAX (Mayweather for example) have been fined previously.” This earlier charge came in 2018, when Mayweather and music producer DJ Khaled paid hefty fines for failure to disclose payments they received for advertising Initial Coin Offerings, or ICOs. ![]() Jacob Silverman, a journalist on the crypto beat, tweeted that late-night TV host Jimmy Fallon could so be in the SEC’s crosshairs, having “ repeatedly pitched” digital assets online as well as on his show - a painfully awkward interview in which he discussed Bored Apes with fellow NFT collector Paris Hilton was the most memorable example. Kardashian’s fine has also launched a conversation about the ethics of crypto promotion. Representatives for the two men did respond to a request for comment. were this year named along with Kardashian as defendants in a class action lawsuit that alleges the trio and EthereumMax “hatched a scheme to misleadingly promote and sell” digital assets without being transparent about their material connections. Two other celebrities could be on the hook for shilling EMAX: former NBA star Paul Pierce and boxer Floyd Mayweather, Jr. Nisa Amoils, a former securities lawyer and managing partner of A100x, an investment fund that targets “early-stage companies utilizing blockchain and artificial intelligence,” tells Rolling Stone that SEC Chair Gensler “goes after high-profile cases” like Kardashian’s “to garner maximum media attention and make examples as a warning.” No One Told Kim Kardashian That Tracee Ellis Ross' Birthday Dinner Wasn't a Costume Party ![]() Kardashian is pleased to have resolved this matter with the SEC. Kardashian fully cooperated with the SEC from the very beginning and she remains willing to do whatever she can to assist the SEC in this matter.” Kardashian’s lawyer released an official statement, which read: “Ms. Her fine includes a repayment of this amount, plus interest, and a separate $1 million fine. Although she included an #AD hashtag in the Story, the SEC judged that she had failed to disclose her $250,000 payment from EthereumMax for the wide-reaching endorsement. But this collapse wasn’t Kardashian’s biggest problem. The value of those tokens has fallen by about 99 percent since its peak that May. “ARE YOU GUYS INTO CRYPTO?” read the text, which went on to hype EMAX tokens, a security asset offered by EthereumMax. Kardashian’s charges stem from a post shared on her Instagram Story in June 2021. ![]() Securities and Exchange Commission October 3, 2022 Kardashian agreed to settle the charges, pay $1.26 million, and cooperate with the investigation.- U.S. Today we announced charges against Kim Kardashian for promoting a crypto security offered by EthereumMax without disclosing the payment she received for the promotion.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |