Crypto and Kim Kardashian

What is happening? Never did I anticipate typing Kim Kardashian into this curate information aggregating site. Here we are the SEC this week levied a fine of $1.26 million for failing to disclose to her Instagram followers that she was financially compensated for promoting EthereumMax. The fine was announced by the SEC Chair in a tweet. Welcome to 2022.

Why does this matter? Tea Leaf readers say it is a sign the SEC will explore more enforcement rules in crypto.

Forbes | Kim Kardashian Fined For Cryptocurrency Promotion, Here’s What It Means For Crypto