Kim Kardashian to pay $1.26 million amid charge of "unlawfully touting" cryptocurrency

Kim Kardashian is paying $1.26 million in a settlement agreement with the Securities and Exchange Commission amid charges that she unlawfully touted a cryptocurrency without disclosing she was being paid for the promotion.

Kardashian is paying the settlement without admitting to or denying the SEC's findings, the agency said on Monday. She also agreed to not promote any crypto asset securities for three years.

The agency said Kardashian will cooperate in its ongoing investigation.