WHY KIM KARDASHIAN WAS FINED 1 MILLION?

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Many celebrities and athletes regularly promote crypto through advertisements on TV and online in ways that do not violate any law.

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The value of many cryptos soared during the pandemic amid a frenzy for highly speculative investing. More recently, amid a decline in overall markets, the value of many cryptos has plunged.

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The long list of celebrities promoting cryptocurrencies just got shorter.

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she encouraged her 330 million Instagram followers to buy crypto without making clear she was being paid for it.

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Kim Kardashian has been barred from doing this for the next three years and will have to pay a $1 million fine.

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A lawyer for Kardashian, Patrick Gibbs, said she “fully cooperated with the order from the very beginning and she remains willing to do whatever she can to assist in this matter.”

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