Kim Kardashian Will Pay $1.26 Million Over Crypto Promotion

Kim Kardashian with allegedly promoting a cryptocurrency on her Instagram account

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The star now has 330 million Instagram followers

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she wrote in that post ‘’ARE YOU GUYS INTO CRYPTO????’’ including a link to Ethereum Max’s website

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She’s agreed to pay $1.26 million and not promote crypto securities for the next three years.

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The settlement shows that the SEC is ready, willing, and able to go after celebrity crypto endorsers.

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SEC chair Gary Gensler did a little social media influencing of his own

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The SEC has already investigated some of the biggest platforms and people in it.

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Kardashian is one of the first, and surely the highest-profile celebrity

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Kardashian’s settlement includes that $250,000, interest, and a $1 million penalty.

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This is only a small fraction of his net worth, which is estimated to be around $2 billion.

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This shows that the SEC isn’t afraid to go after some of the biggest celebrities in the world.

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