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Kim Kardashian To Pay $1 Million To Settle SEC Charges Over Crypto Promo
Charges Over Crypto Promotion. The S.E.C. said Ms. Kardashian had not disclosed she had been paid to promote a crypto token sold by EthereumMax. The reality television star and influencer has agreed to settle charges of unlawfully touting a crypto security and to pay $ million in. The reality TV star hawked a crypto token on her Instagram account without telling her hundreds of millions of followers she'd been paid to.

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The settlement helped Kardashian avoid a much more intrusive process that might have involved a deposition and document collection, according to attorney Duncan Levin, who has represented convicted fraudster Anna Sorokin, aka Anna Delvey. She will also cooperate with an ongoing investigation, and has agreed to not promote crypto securities for three years, the regulator added. Cryptocurrencies are digital assets, such as Bitcoin, that can be bought and sold via cryptocurrency exchanges.