Kim Kardashian and Pete Davidson broke up earlier this month.
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Kim Kardashian has agreed to pay $1.26 million to settle charges relating to a post about a cryptocurrency company she shared on Instagram without disclosing how much she’d been paid to do so.
Kardashian had failed to disclose that she was paid $250,000 to publish a post about EMAX tokens, a crypto asset security sold by EthereumMax, the Securities and Exchange Commission said in a statement Monday.
Her post contained a link directing her followers to the company’s website.
The SEC announced Monday that Kardashian had agreed to the settlement and to cooperate with the ongoing investigation, without admitting or denying the agency’s findings.
“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” said SEC Chair Gary Gensler.
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