Kim Kardashian Agrees to Pay $1.26 Million for Unlawful Crypto Promotion

Kim Kardashian has agreed to pay $1.26 million (nearly Rs. 10 crore) to settle Securities and Exchange Commission charges that she promoted a cryptocurrency on Instagram without disclosing that she’d been paid $250,000 (nearly Rs. 2 crore) to do so.

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

The SEC said Kardashian failed to disclose that she was paid to publish a post…