US SEC sues social media firm Kik for ‘illegal’ initial coin offering

U.S. SEC sues social media firm Kik for ‘illegal’ initial coin offering

The U.S. Securities and Exchange Commission sued social media company Kik Interactive Inc on Tuesday, alleging it conducted an illegal $100 million securities offering of digital tokens in 2017. “This is the first time that we’re finally on a path to getting the clarity we so desperately need as