Kim Kardashian agreed to pay the Securities and Exchange Commission a $1.26 million

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fine to settle civil charges after promoting a crypto asset called EthereumMax on Instagram.

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The SEC said that Kardashian didn't say that she was paid $250,000 to post on Instagram.

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She also agreed to help the SEC with its ongoing investigation and pay the fine.

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mean it's right for all investors," said Gary Gensler, the head of the SEC. "We advise investors to think about the risks and opportunities of an investment in light of their own financial goals."

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"This case is a reminder that just because a celebrity or influential person backs an investment opportunity, including crypto asset securities, that doesn't

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Kardashian also agreed that for the next three years, she would not promote any crypto securities.

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In a statement, her lawyers said, "Ms. Kardashian is glad to have worked this out with the SEC." Kardashian has been completely honest with the SEC from the

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start, and she is still willing to do anything she can to help the SEC with this case. She wanted to settle this matter quickly so that it wouldn't drag on for a long

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time. The deal she made with the SEC lets her do that, so she can move forward with her many business plans.

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