Celebrities regularly accept promotional deals, hyping products from swimsuits to weight loss tea on social media to their hordes of followers. Trouble arrived when a crypto token deemed by retugators a security entered the mix.
Kardashian was fined $1.26 million this week by the Securities and Exchange Commission (SEC) for her promotion of a security without disclosing the payment she received in return. Was Kardashian an unlucky scapegoat, or is this penalty a harbinger of broader enforcement action to come?
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