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- Kim Kardashian agreed to pay the SEC $1.26 million related to an Instagram post promoting crypto.
- While most celebs have gone silent on crypto assets as prices collapse, Kardashian isn’t the only star who touted it in recent years.
- See other celebrities who have publicly backed crypto, from Lebron James to Larry David.
Kim Kardashian will pay a hefty fine linked to a crypto promotion that the SEC said broke its rules.
Kardashian settled with the agency for $1.26 million after she promoted EthereumMax on Instagram in June 2021 and failed to disclose that she was paid $250,000.
“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,” SEC Chair Gary Gensler said
The price of bitcoin and other crypto assets, including NFTs, has collapsed since surging to new highs in 2021.
While most celebrities have fallen silent on their support for crypto in recent months, Kardashian was not the only mega-celebrity who publicly backed a crypto-related asset over the past two years. Check out some other notable examples.
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