SEC and Kik propose $5M settlement to end ICO feud
If approved by the court, the settlement will “permanently enjoin Kik from committing future violations of the Securities Act of 1933” and require Kik to pay a penalty of $5 million.
Latest Kik News
SEC wins summary judgment against Kik ICO
Judge Alvin Hellerstein ruled in favor of the SEC and against Kik’s $100 million ICO, finding that the token sale was in fact an unregistered digital token offer.
Judge in Kik lawsuit not bound by Telegram reasoning
Telegram and Kik both used the Simple Agreement for Future Tokens structure to raise capital for the development of their tokens.
Telegram abandons Gram token: What does it signal for future of coin offerings?
Future entrepreneurs will be wary of proceeding on a SAFT basis, fearing that they will unintentionally be in non-compliance with SEC.
Kik and SEC take their battle to the next level
The social media platform and the financial regulator continue to spar over whether or not Kik’s Kin offering was illegal.
US SEC wants a quick resolution in fight with Kik
The financial regulator asks a federal court to issue its ruling in the case before it has run its course.
Kik advisor ordered to court over company’s fight with the SEC
Tanner Philp has been deposed in the battle over Kik’s allegedly unlawful securities offering.
Kik wants to meet SEC in court over token sale lawsuit
The social media company asserts it didn’t operate the sale of an unregistered security.
Weekly update: Important developments in cryptocurrency space Nov 16, 2019
It’s been another productive week for the cryptocurrency space with activity and progress being shown across the globe.
US judge dismisses Kik’s vagueness plea against SEC
The judge dismissed Kik’s plea, stating that it’s just a reargument of earlier facts with no new discovery
SEC ridicules Kik’s legal arguments, requests a dismissal
Kik argues the SEC’s definition of a security is vague, but the SEC has 70 years of jurisprudence on their hands.
Embattled Kik’s new owner announced
Kin cryptocurrency caused the U.S. Securities and Exchange Commission to drop its hammer on the company, and the result was the company deciding to put all its resources into fighting the lawsuit.