Kim Kardashian was Fined $1.26 million for manipulating? 

Celebrities have been paid to promote cryptocurrencies and blockchain projects.

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Kim Kardashian has been fined $1.26 million by the SEC for not disclosing that she was being paid for promoting EthereumMax on her Instagram account.

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The SEC warns that there is no guarantee regarding celebrities or influencers.

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Kim Kardashian promoted EthereumMax to her followers for profit and without disclosing the deal.

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After accepting a $1.26 million settlement, Kardashian will cooperate in the investigation and pay the fine of $1 million.

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As Kim did, other celebrities might also be charged if they do not disclose their intentions when promoting certain companies.

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With the SEC's investigation into Ethereum, cryptocurrency is now getting media attention.

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It might spark more regulatory action in the cryptocurrency space.

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