SEC Fines Kim Kardashian TFT Zooms upward
Crypto has been on fire over the last few years as meme coins shoot through the roof. Celebrities and all are jumping aboard the crypto/nft train endorsing, trading and more. Read more about Toon Finance and how the SEC is breathing down Kim’s neck. Are they going overboard?
The Securities and Exchange Commission today announced charges against Kim Kardashian for touting on social media a crypto asset security sold by EthereumMax without disclosing the payment she received for the promotion.
Kim Kardashian settled charges by agreeing to pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation.
In a lawsuit filed last month, Kardashian’s former company, Kardashian EMAX, has alleged that she defrauded its shareholders out of $25 million by falsely claiming she was going to use her celebrity to promote a token, called EMAX,
Kardashian’s post was a link to a website that offered instructions for potential investors to purchase eMAX tokens.
Our task is to rewrite the sentences above, using the same meaning.
In an effort to provide investors with more information about the risks associated with investments in cryptocurrencies and other digital assets, the SEC today released a staff report summarizing its analysis of the risks posed by initial coin offerings and digital asset exchanges.
In Kardashian’s case, that would mean that the public will see how much of a cut she is getting from her investment. It’s not clear if that information would be disclosed publicly.
Mr. Grewal, director of the SEC’s Division of Enforcement. “Investors are entitled to know whether the publicity of a security is unbiased, and Ms. Grinberg’s compensation may call into question the impartiality of her promotion of this issue.
How To Buy TFT Coin
Toon Finance is the hottest coin on the block right now with the project being blasted through presale and stirring up the meme coin community.
Toon Finance is a very simple presale to get into. In order to buy your presale TFT coins you need to have a multi coin crypto wallet.
This wallet is great for holding crypto currencies, such as ether. With it, you can easily store your ether and transfer them to any other wallet.
These are the two recommended wallets. You’ll find them on the Toon Finance written official website.
Once you have your multicoin wallet ready then you are now ready to purchase your TFT coins. Next you will load your wallet with ETH, which is the currency for this case.
Once you have your wallet loaded with ETH all you have to do is swap it for TFT coins on the Toon Finance Buy Page.
Enter the amount in ETH that you would like to use to swap for TFT coins and click “BUY”.
Congratulations, once you have completed this process you are now ready to shill Toon Finance with your fellow TFT Community members.
What Does the SEC Have to Do with Crypto?
The Securities and Exchange Commission (SEC) is a government agency that regulates the securities industry. This includes stocks, bonds, and other investment products. The SEC is also responsible for enforcing federal securities laws.
In recent years, the SEC has taken an increasing interest in crypto. In 2018, the SEC created a dedicated crypto task force. The following year, the SEC charged two ICOs with violating securities laws. And in 2020, the SEC issued over $13 million in fines to companies involved in crypto-related activities.
The Howey Test
One of the most important things the SEC does is enforce federal securities laws. These laws are designed to protect investors from fraud and other illegal activity. One of the key ways the SEC does this is by using the Howey test.
The Howey test is a legal test that determines whether or not an investment contract qualifies as a security. If it does, then that investment contract is subject to federal securities laws.
The Howey test has four main components:
- There is an investment of money
- There is an expectation of profits from that investment
- The investment of money is in a common enterprise
- Any profit comes from the efforts of a promoter or third party
If all four of these components are met, then the investment contract qualifies as a security and is subject to federal securities laws.
The Importance of Compliance
Another important role of the SEC is to ensure that companies comply with federal securities laws. This includes ensuring that companies disclose accurate and complete information about their business, finances, and investments. It also includes making sure that companies don’t engage in insider trading or other fraudulent activity.
If a company doesn’t comply with federal securities laws, they can be subject to civil or criminal penalties. For example, in 2019, the SEC fined Tesla $40 million for failing to comply with disclosure rules related to CEO Elon Musk’s tweets about taking Tesla private.
The Securities and Exchange Commission (SEC) is a government agency that regulates the securities industry—including stocks, bonds, and other investment products—and enforces federal securities laws. In recent years, the SEC has taken an increasing interest in crypto and has issued fines to companies involved in crypto-related activities. So what does the SEC have to do with crypto? The answer lies in enforcement and compliance.
As the SEC reviews Kim Kardashian for making a promotional post on social media, Toon Finance’s presale round one sells out like hot cakes. SEC and Crypto experts have said that TFT could be one of the biggest ICOs of the year leaving TAMA and DOGE in the dust.
All You Need to Know About an ICO Presale
Ever since the rise of Bitcoin, cryptocurrency has been one of the hottest topics in the investing world. And with good reason! Cryptocurrency has the potential to revolutionize the way we interact with the digital world. One of the most exciting aspects of cryptocurrency is the Initial Coin Offering, or ICO. An ICO is a way for new cryptocurrency projects to raise funds by selling tokens to investors. But what is an ICO presale? Keep reading to find out!
An ICO presale is a period of time before an ICO where tokens are sold to strategic investors at a discounted price. The purpose of an ICO presale is to raise funds for the project and to create buzz around the ICO. Usually, only a small percentage of the total token supply is sold during the presale.
The price of tokens during an ICO presale is usually discounted anywhere from 20% to 50% compared to the price during the actual ICO. For example, if a token is sold for $1 during the presale and $1 during the actual ICO, an investor who buys during the presale would get 2 tokens for their $1 investment.
Investors who participate in an ICO presale are usually big-time investors or venture capitalists. They are able to get in on the ground floor of a potentially lucrative investment while shouldering less risk than those who invest during the actual ICO.
In order to participate in an ICO presale, you must usually be whitelisted by the project team. This involves going through a rigorous KYC (Know Your Customer) process where you must provide identification documents and sometimes even go through a video call with a member of the team.
An ICOpresale can be a great opportunity for investors to get in on a potentially lucrative investment at a discounted price. However, it’s important to remember that there is always risk involved in any investment, no matter how big or small. If you’re thinking about participating in anICOpresale, make sure you do your research and understand all aspects of the investment before putting any money down.
Presales are one of the most searched commodities in the crypto world and they are known to make investors rich, however how do we know which investments are worth investing in?
Researchers and market experts have done the research for you and they have found that Toon Finance is actually the most searched presale ICO right now next to BIG. BIG however does not have any Utility, it is just a cute cat coin that claims to be the “New Dogecoin killer”.
Always be sure to do your research thoroughly and join the telegram chats which are used very often with cryptocurrency , this is how you will get the latest updates on the project and the day to day operations.
Toon Finance / TFT Twitter / Toon Finance Telegram / Toon Finance Presale