• Kim Kardashian has resolved Securities and Exchange Commission claims that she failed to reveal reaching a fee of $250,000 for promoting a cryptocurrency asset, EthereumMax, on her Instagram page, angering federal regulators.

• The influencer omitted to disclose that EthereumMax paid her via an intermediary for an Instagram post pertaining to its EMAX tokens, a type of cryptocurrency it offers. Kardashian's post contained a link to the EthereumMax website, which provides visitors with instructions on how to purchase the tokens.

• Kardashian consented to pay $1.26M to resolve the allegations regarding the promotion of EthereumMax's cryptocurrency asset on Instagram, which includes the initial payment she received and a $1M penalty. The regulator stated that she has promised to refrain from promoting cryptocurrency securities for three years and would assist with an ongoing investigation.