News05 October 2022

Crypto twitter sparked a series of different reactions after Kim Kardashian's fine

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After the star was recently fined for a shilling a questionable token, opinions are as divided as possible.

If you don't remember, the U.S. Securities and Exchange Commission (SEC) fined Kardashian $1.26 million for EMAX "social media propaganda" on October 3.

SEC Chairman Gary Gensler tweeted that the fine was a reminder that celebrity endorsements of investment opportunities do not "mean those investment products are appropriate for all investors." He never dared to call it a shield shilling.

Crypto dude and author Layah Heilpern shared that she thinks "the SEC has more important issues closer to home that it should probably focus on...", quite possibly about the top management of cryptocurrency companies and insider trading politicians, at least there is that popular opinion.

Ethereum Educator and part-time investor Anthony Sassano told his subscribers that he thinks the SEC chose Kardashian because it gives the illusion that the regulator is "doing something" about cryptocurrencies and suggests choosing EMAX creators instead.

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