Kim Kardashian to Pay $1.26 Million to Settle SEC Crypto Charges

Kim Kardashian to Pay $1.26 Million to Settle SEC Crypto Charges
Kim Kardashian attends the 2022 White House Correspondents' Association Dinner at Washington Hilton in Washington on April 30, 2022. Paul Morigi/Getty Images
The Associated Press
Updated:

Kim Kardashian has agreed to pay $1.26 million to settle Securities and Exchange Commission (SEC) charges that she promoted a cryptocurrency on Instagram without disclosing that she’d been paid $250,000 to do so.

The SEC said Monday that the reality TV star and entrepreneur has agreed to cooperate with its ongoing investigation.