Kim Kardashian to pay $1.26 million for illegally promoting a crypto project

October 3, 2022

(Kitco News) - Celebrity influencer Kim Kardashian has agreed to pay $1.26 million in penalties for her participation in the promotion of a cryptocurrency project called EthereumMax (EMAX).

According to an announcement from the U.S. Securities and Exchange Commission (SEC), Kardashian was targeted for “touting on social media a crypto asset security offered and sold byEthereumMaxwithout disclosing the payment she received for the promotion.”

The popular socialite reportedly received a $250,000 payment to publish a post that promoted EMAX tokens on her Instagram profile and linked to the project’s website, but never disclosed the payment to authorities.

The SEC determined that Kardashian violated the anti-touting provision of federal securities laws, similar to other cases involving prominent cryptocurrency securities violations involving the SEC in the past.

While she agreed to pay $260,000 in disgorgement and another $1 million in penalties, Kardashian neither admitted nor denied the SEC’s findings. She has also agreed not to promote any cryptocurrency asset until 2025.

SEC chairman Gary Gensler used the opportunity to warn the public about the risks involved with investing in cryptocurrency assets and reminded celebrities and influencers that their activities are being monitored and they are required to disclose any payments related to the promotion of securities.

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Kim Kardashian to pay $1.26 million for illegally promoting a crypto project

Jordan Finneseth Jordan Finneseth

Monday October 03, 2022 11:25

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(Kitco News) - Celebrity influencer Kim Kardashian has agreed to pay $1.26 million in penalties for her participation in the promotion of a cryptocurrency project called EthereumMax (EMAX).

According to an announcement from the U.S. Securities and Exchange Commission (SEC), Kardashian was targeted for “touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion.”

The popular socialite reportedly received a $250,000 payment to publish a post that promoted EMAX tokens on her Instagram profile and linked to the project’s website, but never disclosed the payment to authorities.

The SEC determined that Kardashian violated the anti-touting provision of federal securities laws, similar to other cases involving prominent cryptocurrency securities violations involving the SEC in the past.

While she agreed to pay $260,000 in disgorgement and another $1 million in penalties, Kardashian neither admitted nor denied the SEC’s findings. She has also agreed not to promote any cryptocurrency asset until 2025.

SEC chairman Gary Gensler used the opportunity to warn the public about the risks involved with investing in cryptocurrency assets and reminded celebrities and influencers that their activities are being monitored and they are required to disclose any payments related to the promotion of securities.

Crypto in your 401(k)? A grace period for crypto exchanges? There are bills for that.

“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. We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals,” Gensler said in a statement following the announcement of the charges.

“Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities,” Gensler added.

The original court filing on the case included a class-action complaint that Kardashian, boxing legend Floyd Mayweather and eight others conspired with company executives to make misleading statements about the token and their control of the majority of tokens. Kardashian’s legal team filed a motion to set aside this class-action complaint in August.

Sauce: https://www.kitco.com/news/2022-10-03/Kim-Kardashian-to-pay-1-26-million-for-illegally-promoting-a-crypto-project.html

>>17627158

Not even a close call between an adorable bear and a prostitute

sister of more prostitutes

including OJ Simpson's daughter Khloe

Oh the humanity!kek

The Supreme Court Is Blowing Up Law School, Too

Inside the growing furor among professors who have had enough.

October 2, 2022

Khiara Bridges remembers the exact moment she lost faith in the Supreme Court. At first, at the start of Donald Trump’s presidency, Bridges—a professor who now teaches at UC–Berkeley School of Law—held out hope that the court might be “this great protector of individual civil liberties right when we desperately needed it to be.” Then came 2018. That June, the justices issued Trump v. Hawaii, which upheld the president’s entry ban for citizens of eight countries, six of them Muslim-majority. Suddenly, Bridges told me, she realized, “The court is not going to save us. It is going to let Trump do whatever he wants to do. And it’s going to help him get away with it.”

Four years later, the justices completely shattered whatever remaining optimism Bridges could muster about the court by overruling Roe v. Wade in Dobbs v. Jackson Women’s Health Organization. When the decision came down on June 24, she got a migraine for the first time in a decade. The image of the court as a majestic guardian of liberty was, she concluded, “a complete lie.” And it wasn’t just about her own personal feelings, either: Now she had to teach her students about the work of an institution that made her sick to contemplate.

Bridges is not alone. At law schools across the country, thousands of professors of constitutional law are currently facing a court that, in their view, has let the mask of neutrality fall off completely. Six conservative justices are steering the court head-on into the most controversial debates of the day and consistently siding with the Republican Party. Increasingly, the conservative majority does not even bother to provide any reasoning for its decisions, exploiting the shadow docket to overhaul the law without a word of explanation. The crisis reached its zenith between September 2021 and June 2022, when the Supreme Court let Texas impose its vigilante abortion ban through the shadow docket, then abolished a 50-year-old right to bodily autonomy by overruling Roe v. Wade. Now law professors are faced with a quandary: How—and why—should you teach law to studentswhile the Supreme Court openly changes the meaning of the Constitution to align with the GOP?

Sauce/more: https://slate.com/news-and-politics/2022/10/supreme-court-scotus-decisions-law-school-professors.html

(Looooong article, worth every nugget of popcorn, posting screencaps, 13 of them, same article with all the breathless fury of a Libtard gone mad)

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>>17627266

2/3

>>17627266

3/3

>>17627255

Good to know

>>17627195

Hard to say, Kris has long term jungle fever