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

  • 📰 VanityFair
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 55%

United States Headlines News

United States Latest News,United States Headlines

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


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

enough with these parasites, stop giving them attention

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 391. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kim Kardashian Agrees to Pay $1.26 Million to SEC for Promoting CryptoKim Kardashian promoted the crypto brand EthereumMax via social media in June 2021 — details on the investigation For promoting it without disclosing she was paid to do so NormanGoldenll
Source: usweekly - 🏆 390. / 55 Read more »

Kim Kardashian Will Pay SEC $1.26 Million Over Crypto Ad on InstagramThe billionaire promoted something called EthereumMax, which turned out to be worthless. Good crypto is an enduring scam But she said 'nOt a FiNaNcIaL aDvIcE' So less than she makes per instagram post? That’ll teach her
Source: Gizmodo - 🏆 556. / 51 Read more »

Kim Kardashian Charged by SEC for Crypto Promo, Agrees to Pay $1.26 MillionKim Kardashian failed to tell her followers she was paid to promote a crypto asset -- a mistake that's now cost her $1.26 million and charges from the Securities and Exchange Commission. Will probably cost her shot at becoming a lawyer as well. The California Bar Association loves to deny approval of character and fitness applications on grounds of crimes involving fraud, especially SEC related ones. She has money. The law license is the one thing she wanted. She should pay the fine in crypto 😂 She should be charged PER FOLLOWER, let it hurt.
Source: TMZ - 🏆 379. / 59 Read more »

Kim Kardashian settles with SEC over crypto promotionKim Kardashian will 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.
Source: KPRC2 - 🏆 80. / 68 Read more »

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. WilcoWes LucidFoxx Trash. She’s innocent!
Source: AP - 🏆 728. / 51 Read more »

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
Source: Reuters - 🏆 2. / 97 Read more »