The Latest Breaking News from Crypto

Kim Kardashian will pay $1.26 million to settle Securities and Exchange Commission allegations that she broke US rules by touting a crypto token without disclosing she was paid for the promotion.

WASHINGTON: US reality star Kim Kardashian has agreed to pay a $1.26 million fine after unlawfully pushing a cryptocurrency on Instagram without revealing that she was paid to do so, the Securities and Exchange Commission announced Monday.

The reality TV star hawked a crypto token on her Instagram account without telling her hundreds of millions of followers she'd been paid to do so.

Kim Kardashian has agreed to pay more than $1 million amid the Securities and Exchange Commission (SEC) finding that she failed to disclose a payment she received for a social media ad post

Kim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay $1.26 million because she promoted on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the plug

Kardashian also agreed to not promote any crypto asset securities for three years

Kardashian will pay $1.26 million in penalties and not be allowed to promote crypto for three years.

Eager to bring new jobs to their towns and boost their tax base, rural Texas counties are courting companies that produce cryptocurrencies.

The popularity of cryptocurrencies such as Bitcoin has plummeted in 2022, particularly among their most fervent supporters – millennial investors – according to a recent Bankrate survey. Americans of all ages have seen their comfort level with cryptocurrency sink sharply over the last year, as these digital currencies have plunged…