Kim Kardashian Will Pay $1.26 Million to SEC for Promoting Crypto on Instagram

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The Securities and Exchange Commission appears to be keeping up with Kim Kardashian.

has agreed to pay $1.26 million to the Securities and Exchange Commission for “unlawfully touting” a crypto asset security on her Instagram account, the SEC announced Monday morning.

The reality star has settled with the SEC following charges that she failed to disclose payment for promoting EthereumMax’s crypto asset to her hundreds of millions of social media followers, according tofrom the SEC. As part of the settlement, Kardashian has also agreed to cooperate with an ongoing SEC investigation and said she will not promote any crypto asset securities for three years.

The reality star is also currently dealing with a legal complaint from investors in the crypto asset. Aand former NBA starof partaking in a “pump and dump” scheme, or artificially inflating the value of the EthereumMax asset through these types of promotions. (Kardashian’s legal team later filed a motion to dismiss the lawsuit, per court documents seen by

 

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enough with these parasites, stop giving them attention

She was given the equivalent of a parking ticket fine for a Ponzi scheme. 🙄

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Kim Kardashian settles SEC crypto charge, to pay $1.26 millionKim Kardashian has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million in penalties and associated fees, the U.S. Securities and Exchange Commission said on Monday. And still people will be googling which project she was promoting.. the influence carries on 😅 Fanatastic . Fine her some more KimKardashian These sort of fines should be based on personal income and wealth. This is like most people paying $100
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