Hi everyone hope all of you are fine and enjoying today Crypto market because btc today's showing some better value.
Recently i see news that a Star actress paid almost $1.26 million fine for only not disclosing the payment this is nonsense and ridiculous and that's why i thought why not i need to article in this topic.
Recently, Reality TV star Kim Kardashian has paid $1.26 million to the U.S. Securities and Exchange Commission to settle charges relating to her promotion of the EthereumMax digital token. 👮♂️
The SEC had filed charges against the "Keeping Up With the Kardashians" star for not disclosing the $250,000 payment she received for posting promotional content about EthereumMax, according to an SEC press release. Kardashian also agreed not to promote any cryptocurrencies for three years.
Even we know $1.2 million is easy money for kim kardashian but i still dont get the reason why SEC decided to fine her that much
For my point of view that the problem was that she hid the contract payment from the authorities that warranted the SEC to fine her the $1.26 million which is quite outrageous
If kim kardashian involved in crypto, i think its a really great marketing strategy even it would affect to the whole crypto ecosystem. But since SEC fine her, the great news immediately become the bad news because many celebrities afraid to promote crypto anymore. Now they Will not think to promote Crypto after seeing such heavy plenty.
And now she won't do anything related to crypto promotion for three years. I don't know if that is part of the fine or just her decision but it isn't good for the EthereumMax project
Do you think that it is safe when celebrities or influencers endorse investment opportunities for their fans & followers Like Kim Kardashian have done?
🤔 Should All the Celebrities consider a little bit of their fans & Followers instead of taking money from crypto projects or Should the Crypto regulated Organizations Like SEC fine a considerable amount that will be unforgettable for celebrities?😅
So, What do you think about Kim Kardashian & the Fine ?
Thanks for reading!
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