Report: Kik Plans to Battle Expected SEC Enforcement Action Regarding $100 Million ICO

  • In a report this past weekend, Kik – a Canada based company , indicated its intent to battle an anticipated enforcement action by the US Securities and Exchange Commission (SEC).
  • According to WSJ.com , Kik is willing to go to the mat with the Commission in the debate as to whether or not their initial coin offering (ICO) represents an unregistered security.
  • Kik has also raised money from big VCs such as Foundation Capital, RRE Ventures, Spark Capital, SV Angel, Tencent, Union Square Ventures, and Valiant Capital Partners.
  • The Kin token may be used in the Kin Marketplace where you can both earn and spend Kin.

Read full article: crowdfundinsider.com

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