Kim Kardashian to Pay $1.3 Million to the SEC for Crypto Touting

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futurewithcrypto.com

In order to resolve complaints from the Securities and Exchange Commission, Kim Kardashian will pay $1.26 million.

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She breached US regulations by advocating a crypto coin without declaring she was compensated for the marketing.

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According to the SEC, Kardashian received $250,000 on Monday to write about EMAX tokens on her Instagram account.

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As part of the agreement, Kardashian didn't confirm or refute the claims made by the regulator.

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wherein she agreed to refrain for three years from promoting any digital assets.

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The UK's banking authorities singled out the commercial last year .

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