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Monday, April 29, 2024

Kim Kardashian pays $1.26m for unlawful crypto promo

Kim Kardashian, shown here at Dolce & Gabbana’s fashion show in Milan on Sept 24, 2022, has agreed to pay the SEC more than $1 million for unlawfully promoting crypto.

WASHINGTON: US reality star Kim Kardashian has agreed to pay a $1.26 million fine after unlawfully pushing a cryptocurrency on Instagram without revealing that she was paid to do so, the Securities and Exchange Commission announced Monday.

The agency accused Kardashian, who has 331 million followers on Instagram — making her one of the top ten most followed people…

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