794. Kim Kardashian Charged For Crypto Scam | SEC vs. Crypto Exchanges Next

Reality TV star Kim Kardashian has been fined US$1.26 million by the U.S. Securities and Exchange Commission (SEC) for promoting EthereumMax (EMAX) tokens on her Instagram account without disclosing the US$250,000 payment she received for the endorsement. The SEC said in a statement on Monday that Kardashian has agreed to settle and will not promote “crypto asset securities” for three years. However, is SEC Chair Gary Gensler only going after low hanging fruit in order to boost sentiment before a catastrophic failure against the highly popularized Ripple v. SEC case?