The SEC Is Suing Kik for Its 2017 ICO
The U.S. Securities and Exchange Commission has filed suit against Kik over its 2017 initial coin offering.
Kik has sold its messaging business to a holding company called MediaLab but plans to continue enabling Kin on the platform
After rocky interactions with the SEC, Kik CEO Ted Livingston will join us on CoinDesk LIVE.
Kik is hoping to go to trial in the ongoing legal fight with the SEC over its 2017 kin token sale.
The SEC's complaint against Kik, after it raised $100 million in an ICO, seemed pretty brutal, but not so fast, we're only hearing one side of the story. Watch more here as three lawyers discuss the case, its merits and its potential impacts for the crypto industry as a whole.
In a complaint filed Tuesday, the SEC laid out where Kik allegedly ran afoul of U.S. securities law with its $98 million ICO in 2017. It also revealed a lot more.