Spare a thought for Kim Kardashian

Regulators should be keeping an eye on more egregious behaviour in the crypto world

Kim Kardashian has settled with the US Securities and Exchange Commission (SEC) over the charge of "unlawfully touting" a "crypto security". PHOTO: NYTIMES
New: Gift this subscriber-only story to your friends and family

An unusual sequence of words popped into my mind this week: poor Kim Kardashian. At the risk of losing you before I've begun, I would like to ask that you spare a thought for a woman who is mainly famous for being famous (and for being rich).

It has emerged that Kardashian has settled with the US Securities and Exchange Commission (SEC) over the charge of "unlawfully touting" a "crypto security", with a fine of US$1.26 million (S$1.8 million), or about 0.07 per cent of her reported net worth of US$1.8 billion. (Cue the sound of tiny violins.)

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.