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NEWS: SEC hits Kim Kardashian with $1.26M fine for promoting crypto and failing to disclose she was paid to influence

By Alisha Houlihan for AMLi

Reality TV star Kim Kardashian has been hit with a $1.26M fine for promoting a crypto currency without stating she was being paid by the company.

Kardashian agreed to settle charges filed against her from the Securities and Exchange Commission (SEC) for pitching the crypto asset security offered by EthereumMax on social media. She never declared she received payment to promote the currency and influence her massive social fan base.

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