Kim Kardashian fined $1.26million for promoting cryptocurrency

Kim Kardashian has been charged by the U.S. Securities and Exchange Commission (SEC) for promoting a cryptocurrency on social media and failing to state how much she was paid for it.

The reality star agreed to pay a €1.26million penalty and cooperate with the case for touting EMAX tokens on her Instagram account.

Kim was paid $250,000 to endorse the cryptocurrency.

SEC has said that anyone promoting crypto assets must outline how much compensation they received.

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