Crypto precedent: N.Y. judge rules Kik’s digital currency was a security, grants win to SEC – Reuters

Crypto precedent: N.Y. judge rules Kik’s digital currency was a security, grants win to SEC – Reuters

There is scant precedent on whether cryptocurrency developers can sell tokens to the public without triggering U.S. securities laws. So a decision Wednesday by U.S. District Judge Alvin Hellerstein in Manhattan, concluding that Kik Interactive violated U.S. s…

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