Kik Looks to Challenge SEC over ICO Securities Debacle
- Kik Looks to Challenge SEC over ICO Securities Debacle
Reading Time: 2 minutes by Aisshwarya Tiwari on January 28, 2019 Business , News , Regulation
- According to a report by The Wall Street Journal published on January 27, 2019, Canadian social-media giant Kik Interactive Inc. is contemplating locking horns with the US Securities and Exchange Commission ( SEC ) over the latter’s diktat on the legal status of tokens issued throug initial coin offerings (ICOs).
- Highly Anticipated Court Case Could Change the ICO Game
Initial Coin Offerings ( ICOs ) came into prominence during the monumental crypto bull run in late 2017 which saw bitcoin reach almost $20,000 valuation.
- However, in what is being dubbed a bold move, Kik is looking to challenge the enforcement by the US SEC over its KIN token offering in 2017.
Read full article: btcmanager.com