Kim Kardashian was charged for illegally hawking a cryptocurrency
Banking And Finance,Cryptocurrency,Kim Kardashian,Celebrities,Arts And Entertainment,Securities And Exchange Commission
From the Center
AllSides Media Bias Rating: Center
Kim Kardashian is famous for being famous. The reality star abused that fame when she promoted a cryptocurrency called EthereumMax to her more than 200 million followers on Instagram in May 2021, according to federal regulators.
The US Securities and Exchange Commission charged (pdf) Kardashian on Oct. 3 for failing to disclose that she was paid $250,000 for the Instagram post.
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