Kim Kardashian Fined $1 Million By SEC Over Crypto Promotion

Kim Kardashian faced legal issues for promoting a crypto asset without disclosing her payment. The SEC charged her for not revealing a $250,000 payment for an Instagram post about Etherium Max, violating federal law. As a result, she agreed to a $1.3 million fine and a three-year ban on selling crypto.

What was the main legal issue faced by the individual in promoting a crypto asset?

• Promoting an unregistered asset

• Using false information

• Not disclosing payment received

• Promoting without a license

Which organization brought charges against the individual for the undisclosed promotion?

• Federal Trade Commission

• Securities and Exchange Commission

• Internal Revenue Service

• Department of Justice

What was the amount paid to the individual for promoting the crypto asset?

• $1,000,000

• $500,000

• $250,000

• $100,000

What was the total fine imposed on the individual as part of the settlement?

• $1.3 million

• $2 million

• $750,000

• $500,000

For how many years is the individual restricted from selling any other crypto?

• One year

• Two years

• Three years

• Five years