Kim Kardashian to pay $1.26 million in crypto charges settlement
Posted on AllSides October 3rd, 2022
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The U.S. Securities & Exchange Commission on Monday announced charges against Kim Kardashian for promoting a cryptocurrency without disclosing that she had been paid for the promotion. Kardashian has agreed to pay $1.26 million as part of a settlement.
The big picture: Federal securities regulators have been cracking down on celebrity crypto endorsements.
Details: Kardashian didn't disclose that she was paid $250,000 to publish an Instagram post about a crypto token called EMAX, in which Kardashian included a link to a related website and instructions for potential investors.
Under terms of the settlement, Kardashian agreed...
