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Kim Kardashian second influencer in a fortnight to be charged by the SEC

Photo: Martina Lindberg

The SEC has charged and fined Kim Kardashian $1.26m for failing to disclose her payment for crypto promotion.

The Securities and Exchange Commission has charged Kim Kardashian for promoting a crypto asset security from EthereumMax on her social media account without revealing she was paid to do so. The SEC’s order finds that Ms Kardashian failed to disclose that she received $250,000 to publish a post about the