SEC, Kik Continue Court Clash Over $100M Kin Token Sale
The SEC and Kik doubled down on their respective views of whether the 2017 KIN token sale was a securities transaction in new legal filings published late Friday.
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Kik's proverbial day in court may take a lot longer than Telegram's, if the judge’s response to the SEC during a hearing this week is any indication.
The Kin Foundation is seeking to move the kin cryptocurrency onto the Solana blockchain, according to a proposal shared with CoinDesk.
Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.
The Kin Foundation is offering a peek under the hood of its operations with a new transparency report published with Messari.
The SEC says 7 members of the Blockchain Association have financial interests in Kik in its opposition to the group's brief around the case.
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Kik vs SEC – The Lawyers Speak
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.
