Kim Kardashian pays $ 1.3 million to pay crypto fees

Kim Kardashian has agreed to pay $ 1.26 million to pay for accusations with the US Waterpaper supervisory authority for the promotion of a cryptocurrency without disclosing that it was paid for it.

The US Securities and Exchange Commission said on Monday that the reality TV star did not disclose a payment of $ 250,000 that she had received to post 331 million followers on her Instagram account via crypto safety tokens.

Last year Kardashian asked her 225 million followers at the time: "Are you on crypto ???" In an Instagram post that drew attention to Ethereummax, a new coin at the time.

Gary Gensler, Chairman of the SEC, said: "This case is a memory that if prominent or influencers, including crypto-asset value papers, support this, this does not mean that these investment products are suitable for all investors."

Kardashian-who neither admitted nor denied the results of the SEC-violate the anti-touring regulations of the US WagesPapering laws, said the agency.

A lawyer who represents Kardashian did not immediately respond to inquiries about comments.