BREAKING: SECGov has charged KimKardashian for unlawfully touting EthereumMax without disclosing the payment she received. By OKnightCrypto
promotional content to her followers on Instagram. Kardashian has one of the largest following on social media, with 331 million followers on Instagram and close to 74 million followers on Twitter.
EthereumMax, which has no relation Ethereum, was also promoted by professional boxer Floyd Mayweather Jr. In January, investors of EthereumMax sued both Kardashian and Mayweather. "This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors," SEC Chairman Gary Gensler said in a tweet.Read more about