The Securities and Exchange Commission (SEC) ordered Kim Kardashian to pay $1.26 million for unlawfully promoting a cryptocurrency on her Instagram account. See the potential bias and similarities in coverage from axios, voxdotcom and dcexaminer:
the charges, the SEC's chairman said they were"a reminder that, when celebrities / influencers endorse investment opps, including crypto asset securities, it doesn’t mean those investment products are right for all investors.". Her lawyer told Axios that"Ms.
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. She wanted to get this matter behind her to avoid a protracted dispute. The agreement she reached with the SEC allows her to do that so that she can move forward with her many different business pursuits.", many of which framed it as evidence of the SEC's willingness to crack down on celebrities who endorse cryptocurrencies.
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