US court agrees with SEC that Kik's $100 million coin offering violated the law

US court agrees with SEC that Kik’s $100 million coin offering violated the law

A US district judge for the Southern District of New York has agreed with the Securities and Exchange Commission’s assessment that Kik’s $100 million initial coin offering (ICO) in 2017 was a securities sale. Judge Alvin Hellerstein has granted SEC’s motion f…

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