SEC Chair Gary Gensler breaks down charges against Kim Kardashian over a crypto promo
SEC Chair Gary Gensler joins CNBC’s ‘Squawk Box’ to discuss the agency’s charges against Kim Kardashian over her promotion on Instagram for EthereumMax’s crypto asset.
Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have been earning $ 60,000 returns from my $9,000 investment every 21days
He isn't answering how Kim is different from so many other influencers who promote crypto when she marked it as an ad and many others didn't. How is she different than Matt Damon and his TV ad?
How dumb is it, to be surrounded by attorneys from your late father's friends, your mom Kris, and those who are "tutoring " you to become a lawyer, that Kim isn't informed about these laws?🤔 I rest my case.
When are they going after tiger king carol baskin for pumping a stock 10,000% from 7 pennies to 3 dollars then bust to 19 cents, she was paid, didnt disclose it, acted like she knew all about it, said it was great, live on a stream, because someone paid her 300 bucks live to do it. The company even noted the incident in their SEC filings, that there was no business reason for their tiny company to rise to compete with verizons market cap overnight.
and here in lies the problem with the rich being given different punishments. Number one, where does this money go? it doesnt go to the people stolen from, it goes to the government so basiclly the governemnt is oking kardasians scam as long as they get their cut, and number 2, how much did she make off the scam??? bet it was well over a million making the fine just a cost of doing business.. real people get fines that hurt, not that just cut into profits.
ALL FINES AND PUNISHMENTS SHOULD BE BASED ON PERCENTAGE OF WORTH SO ALL FINES HURT EQUALLY DESPITE FINANCIAL STATUS!!!
what a selective enforcement of the law!!!. some people like Musk or Trump or even some celebrities we like are overlooked but for others, we quickly go after them. The law in the US is a JOKE. Next time, we will all run for president so that we may get a chance to appoint our own judges cannon to decide our cases favorably 😀
Classic sec bs. Refuses to offer guidance. Only wants to sue. Worst way to make policy it seems. Appreciate the questions here it’s ridiculous how the SEC works
What about all the scammers that promo garbage? Lol only because its crypto and a Kardashian. What about the guy who promotes hair growth products or weight-loss pills
I don’t understand why the SEC is discriminating between celebrities touting crypto coins, versus the crypto exchanges themselves touting coins for sale, many who’ve been hacked, gone bankrupt, or embezzled the funds. What’s Gary Gensler doing about that? Truth is, this case was worked up with Kim Kardashian to establish the crypto coins as “securities”, (for the purpose of regulation) which most crypto companies do NOT recognize or agree with.
What a BS charge. He just picked out the highest profile person he could find, that would give him the most media exposure. Seriously does the SEC think anyone is taking investment advice form Kim Kardashian . Give me a break.
Trade losses come in handy these days, if you’re not very careful and observant. Most trader never care to consult an expert until it’s too late. The reason expert handle is required is simply to accommodate and manage all your fears, losses and profits returns. Experts will help any investor/trader achieve the later
44 Comments
If you take “unbiased” financial advice from an influencer, you get exactly what you deserve
Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have been earning $ 60,000 returns from my $9,000 investment every 21days
They should.
Jail!!!!
These people make me sick! He is the definition of everything that is wrong with America today!
Kim kardashian , put this guy in his place!
Bitboy crypto must be in deep trouble. He has been promoting scam tokens for years without disclosing the amount he received in exchange.
Elon Musk?
Wall St banks crashing the entire economy again 😴 😴 😴 😴 😴
This guy is the biggest crook, wolf in sheep clothing!
Is this the guy who is apart of the Hillary Clinton law firm ?
That guy is a lizard for sure 😂🐍
Subtle Burn at 1:06 🔥'Steve Segal…..an Actor' 🤣
She probably was paid 5 million and fined 1.25 million. Nice work Gary Boy.
What coin did she promoted?
Elon and others with similar acts should be held accountable too.
Gensler is a Wallstreet shill
this guy picking on small fish but scared to take down the big fish like citadel ken griffin smh lol what a joke the sec is
had no anser for the super bowl example lmao!
Good it is people like this that give crypto a bad name.
Andrew don’t play games
He isn't answering how Kim is different from so many other influencers who promote crypto when she marked it as an ad and many others didn't. How is she different than Matt Damon and his TV ad?
1:20 Great questions!
How dumb is it, to be surrounded by attorneys from your late father's friends, your mom Kris, and those who are "tutoring " you to become a lawyer, that Kim isn't informed about these laws?🤔 I rest my case.
Someone needs to take this guy out. Getting tired of his bs.😤 This mf gonna end up suing everyone, he needs to be stripped from the Sec chairman.
Double talking nonsense while refusing to answer the hard questions.
When are they going after tiger king carol baskin for pumping a stock 10,000% from 7 pennies to 3 dollars then bust to 19 cents, she was paid, didnt disclose it, acted like she knew all about it, said it was great, live on a stream, because someone paid her 300 bucks live to do it. The company even noted the incident in their SEC filings, that there was no business reason for their tiny company to rise to compete with verizons market cap overnight.
they should go after coinbase for not being able to send my money back to my bank acct.
DJ Kaleed
SEC is complicit in market crime.
and here in lies the problem with the rich being given different punishments. Number one, where does this money go? it doesnt go to the people stolen from, it goes to the government so basiclly the governemnt is oking kardasians scam as long as they get their cut, and number 2, how much did she make off the scam??? bet it was well over a million making the fine just a cost of doing business.. real people get fines that hurt, not that just cut into profits.
ALL FINES AND PUNISHMENTS SHOULD BE BASED ON PERCENTAGE OF WORTH SO ALL FINES HURT EQUALLY DESPITE FINANCIAL STATUS!!!
Fook Skelator Gary Ginsler. He is a lying theif.
she probably made atleast 10 times the amount that she has been fined lol
I wonder why SEC Chairman doesn't charge the House Speaker and her husband for insider trading?
what a selective enforcement of the law!!!.
some people like Musk or Trump or even some celebrities we like are overlooked but for others, we quickly go after them. The law in the US is a JOKE. Next time, we will all run for president so that we may get a chance to appoint our own judges cannon to decide our cases favorably 😀
So the others will also paid ? Not just Kim or y’all just using Kim’s name
Classic sec bs. Refuses to offer guidance. Only wants to sue. Worst way to make policy it seems. Appreciate the questions here it’s ridiculous how the SEC works
all the spoofing and illegal trading techniques that have ran rampant this last 2 years and the sec is targeting kim k crypto's smh
What about all the scammers that promo garbage? Lol only because its crypto and a Kardashian. What about the guy who promotes hair growth products or weight-loss pills
Vitalik next?
"I have not failed. I've just found 10,000 ways that won't work." *Thomas A. Edison
I don’t understand why the SEC is discriminating between celebrities touting crypto coins, versus the crypto exchanges themselves touting coins for sale, many who’ve been hacked, gone bankrupt, or embezzled the funds. What’s Gary Gensler doing about that?
Truth is, this case was worked up with Kim Kardashian to establish the crypto coins as “securities”, (for the purpose of regulation) which most crypto companies do NOT recognize or agree with.
What a BS charge. He just picked out the highest profile person he could find, that would give him the most media exposure. Seriously does the SEC think anyone is taking investment advice form Kim Kardashian . Give me a break.
Trade losses come in handy these days, if you’re not very careful and observant. Most trader never care to consult an expert until it’s too late. The reason expert handle is required is simply to accommodate and manage all your fears, losses and profits returns. Experts will help any investor/trader achieve the later