Kim Kardashian to pay $1.26 Million to settle the SEC crypto charges

Black Section Separator

Kim Kardashian for touting a cryptocurrency on her Instagram account without disclosing that she was paid for the promotion.

[{"selector":"#anim-cf3286c5-7133-478a-97ec-da5ecb9c2ef7","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b8daa97d-5cba-4558-b828-21cc31227b38","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-0e5b7d5f-3f9d-4fe9-bb78-56375ff1d795 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(9.218749752540958%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Black Section Separator

She will also give back $260,000, which includes her payment from the company with interest.

[{"selector":"#anim-db07c7e2-a9df-4b4a-8958-41f265c7dcac","keyframes":{"opacity":[1,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-bc02b6a7-07a0-4932-8af1-a5479bf46c3f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f7e26cbb-535a-4bf9-bf26-bf903c9c91a6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Black Section Separator

[{"selector":"#anim-fe2d5b0e-7691-4cef-8592-4e22c36e12b5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(2.345844214857886%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

Kardashian, who has around 330 million Instagram followers, was paid $250,000 to promote cryptocurrency offered by EthereumMax called EMAX tokens.

[{"selector":"#anim-2407f291-ded4-4f62-9dbf-ef18afed5226 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(9.043778553322555%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Black Section Separator

Kardashian provided links to where potential investors could learn how to buy the digital currency.

[{"selector":"#anim-322e112e-85c5-4854-b524-2bfc6369df1e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Black Section Separator

Kardashian cooperated with the SEC and “remains willing to do whatever she can to assist the SEC in this matter,” Gibbs said.

[{"selector":"#anim-3faa9926-0699-4559-8253-62a8e86e22a2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(5.492187229928325%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Black Section Separator