Kim Kardashian , Pays Over $1 Million Fine to SEC , Over Crypto Promo.<br />NBC reports that Kim Kardashian has agreed <br />to pay a $1.26 million fine for unlawfully <br />promoting a cryptocurrency on Instagram.<br />According to Securities and Exchange Commission officials, Kardashian failed to disclose that she was paid to promote EMAX tokens on Instagram.<br />According to Securities and Exchange Commission officials, Kardashian failed to disclose that she was paid to promote EMAX tokens on Instagram.<br />An SEC statement revealed that the reality TV star <br />failed to disclose the $250,000 she was paid to <br />promote the crypto asset offered by EthereumMax.<br />An SEC statement revealed that the reality TV star <br />failed to disclose the $250,000 she was paid to <br />promote the crypto asset offered by EthereumMax.<br />Last June, Kardashian asked her millions of followers: , “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”.<br />Last June, Kardashian asked her millions of followers: , “ARE YOU INTO CRYPTO??? THIS IS NOT FINANCIAL ADVICE BUT SHARING WHAT MY FRIENDS JUST TOLD ME ABOUT THE ETHEREUM MAX TOKEN.”.<br />The Instagram post also included <br />a link to EthereumMax's website.<br />According to the SEC, the post <br />violated the anti-touting provision <br />of federal securities law.<br />Kardashian is reportedly cooperating <br />with the commission's investigation, "without admitting or denying the SEC's findings.".<br />Kardashian is reportedly cooperating <br />with the commission's investigation, "without admitting or denying the SEC's findings.".<br />The SEC said that Kardashian <br />also agreed not to promote any <br />crypto assets for the next three years.<br />This case is a reminder that, <br />when celebrities or influencers <br />endorse investment opportunities, <br />including crypto asset securities, <br />it doesn’t mean that those investment <br />products are right for all investors, Gary Gensler, SEC Chair, via NBC.<br />We encourage investors to consider <br />an investment’s potential risks <br />and opportunities in light <br />of their own financial goals, Gary Gensler, SEC Chair, via NBC
