- The U.S SEC wins lawsuit against Kik’s $100 Million ICO
- A U.S district court judge ruled in favor of the SEC’s submission
- The judgment means Kik’s ICO consisted of unregistered securities
Cryptocurrency News Today – a U.S District Court Judge has today granted the SEC’s (Securities and Exchange Commission) motion for summary judgment against Kik. The SEC alleged that Kik offered Kinl tokens that violated the federal Securities Act.