Kim Kardashian To Pay $1.26 Million to SEC for Crypto Touting
LOS ANGELES, CA – NOVEMBER 04: Kim Kardashian West attends the 2017 LACMA Art + Film Gala Honoring Mark Bradford and George Lucas presented by Gucci at LACMA on November 4, 2017 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for LACMA)
Kim Kardashian has been ordered to pay the SEC (Securities & Exchange Commission) $1.26 million. The payment will settle the allegation that she broke US rules when she promoted a crypto token and did not disclose that she was paid for the promotion. The SEC said she was paid $250,000 to post on her Instagram account about EMAX tokens. Kim did not admit or deny the allegations as part of the settlement. She also can not promote any digital assets (crypto) for three years. Kim joins DJ Khaled and Floyd Mayweather who have also been fined by the SEC. Do you understand crypto and how it works? Do you own any?
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