Kim Kardashian to pay $1.26 million after being accused of 'unlawfully touting' cryptocurrency

Kardashian is paying the settlement without admitting to or denying the SEC's findings, the agency said.

with the Securities and Exchange Commission amid charges that she unlawfully touted a cryptocurrency without disclosing she was being paid for the promotion.

The fine is linked to a cryptocurrency called EthereumMax, or EMAX, which was pitched to investors as a disruptive new cryptocurrency.

EMAX's price fell 3.3% in Monday morning to the equivalent of 0.000000004246 cents, according to CoinMarketCap.

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