Kik’s Token Survives SEC Battle, No Barrier to Exchange Listings, Says Kin Foundation
The Kin Foundation says both itself and the Kin token have survived the recently resolved court battle with the U.S. SEC over a 2017 ICO. Source
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Kiks
Court rules Kik’s 2017 ICO violated U.S. securities laws
U.S. District Judge Alvin Kellerstein has sided with the U.S. Securities and Exchange Commission (SEC), ruling that the Canadian technology firm Kik’s $100 million initial coin offering (ICO) violated federal securities laws.On September 30, Judge Kellerstein responded to both parties’ requests for summary judgment, determining that Kik’s 2017 token sale
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Judge Rules Kik’s Token Sale Violated US Securities Law
A U.S. judge ruled Wednesday that Kik violated securities law when it raised $100 million via a token sale in 2017. Judge Alvin Hellerstein, a U.S. district judge for the Southern District of New York, wrote that in his view, Kik’s “token distribution event” (TDE) satisfied the three prongs of
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Kik’s Drama With the SEC May Soon Be at an End
A new round of documents have been filed in the lengthy dispute between the United States Securities and Exchange Commission, or SEC, and Kik Interactive Inc. over the messaging company’s 2017 initial coin offering, or ICO.Both parties are seeking summary judgment, with the SEC submitting a proposed order that it
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SEC Seeks Early Judgement in Lawsuit Over Kik’s $100M ICO
The United States Securities and Exchange Commission (SEC) has requested an early summary judgment in its lawsuit against Kik over the messaging company’s $100 million KIN initial coin offering (ICO) during 2017.The SEC first brought its case against Kik in June 2019. The commission argued that the company’s ICO
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