The SEC said Kim Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram about EMAX tokens — a crypto asset security offered by EthereumMax.
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Kardashian’s post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens, the SEC said. "Investors are entitled to know whether the publicity of a security is unbiased, and Ms. Kardashian failed to disclose this information," Grewal added.As cryptocurrencies and related technologies reach into politics, intertwine with the larger economy and impact the environment, everyone could use a sense of what they are and how they work.
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