Tags: Kim Kardashian

Celebrities and athletes will be more picky about the kinds of tokens they endorse after an SEC crackdown on promotions, he said.

Hall of Famer will pay $1.4 million in penalties and disgorgement to settle charges that he did not disclose payments to promote the token.

Under the industry’s self-regulation code, advertisements must clearly warn users of investment risk and social media influencers shouldn’t offer trading advice.

A number of YouTubers, often working with the Creators Agency talent management company, took money that was allegedly stolen from FTX customers to promote a gigantic financial fraud.