Kim Kardashian has agreed to pay $1.26 million to settle Securities and Exchange Commission charges that she promoted a cryptocurrency on Instagram without disclosing she'd been paid $250,000 to do so.
FILE – Kim Kardashian attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the “In America: An Anthology of Fashion” exhibition on Monday, May 2, 2022, in New York. Reality tv star and entrepreneur Kim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay $1.
The SEC said Monday that the reality TV star and entrepreneur has agreed to cooperate with its ongoing investigation.
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Kim Kardashian settles with SEC over crypto promotionKim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay $1.26 million for promoting a cryptocurrency on social media without disclosing the payment she received to do so.
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Kim Kardashian pays over $1M to settle SEC charges related to crypto promo on InstagramThe SEC said Kim Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram about EMAX tokens — a crypto asset security offered by EthereumMax.
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