Kim Kardashian must refrain from promoting any cryptocurrency-related products for three years. The reality TV actress misled her Instagram followers about her financial interest in promoting cryptocurrency security, there will be a fine of $1 million. In 2020, actor Steven Seagal agreed to pay more than $300,000 as part of a similar deal with the SEC. Matt Damon, Tom Brady, Reese Witherspoon, and Gwyneth Paltrow are among those who have leveraged their status to promote cryptocurrencies. The value of numerous cryptocurrencies skyrocketed during a surge in highly speculative investing.
Lately, as the market as a whole has fallen, the value of various cryptocurrencies has plummeted. Bitcoin has lost more than half its value in 2022, plummeting to about $19,000 Monday.
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