Kim Kardashian has been charged by the Securities and Exchange Commission for promoting a crypto asset security issued and sold by EthereumMax on social media without reporting the compensation she received for the promotion. Kardashian agreed to settle the case by paying $1.26 million in fines, disgorgement, and interest, and cooperating with the Commission's continuing investigation. According to the SEC, Kardashian failed to disclose that she received $250,000 from EthereumMax to write a post regarding EMAX tokens on her Instagram account. Kardashian's tweet included a link to the EthereumMax website, where prospective investors could find instructions on how to buy EMAX coins. "This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto-asset securities, it doesn’t mean that those investment products are right for all investors," said SEC Chair Gary Gensler. "We encourage investors to consider an investment’s potential risks...