SEC sues Kik alleging that ‘initial coin offering’ of Kin tokens was illegal

SEC sues Kik alleging that ‘initial coin offering’ of Kin tokens was illegal – SiliconANGLE

The U.S. Securities and Exchange Commission has finally sued Kik Interactive Inc. for conducting an alleged illegal initial coin offering a week after the company itself started crowdsourcing donations for the fight. The SEC alleges that the ICO was illegal because Kik sold the tokens to U.S.