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Kim Kardashian to Pay $1.3 Million to SEC for Crypto Touting
Posted
October 4, 2022
Views
761
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10
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1.71%
October 4, 2022
761
10
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1.71%
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1:26Now PlayingKim Kardashian will pay $1.26 million to settle Securities and Exchange Commission allegations that she broke US rules by touting a crypto token without disclosing she was paid for the promotion.
The SEC said Monday Kardashian was paid $250,000 to post on her Instagram account about EMAX tokens, a crypto asset offered by EthereumMax. Kardashian didn’t admit or deny the regulator’s allegations as part of the settlement, in which she agreed not to tout any digital assets for three years.
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