Federal Judge Rules that Kik’s 2017 Token Sale Violated US Securities Law
By
Darya Rudz
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
Token Sales May Have 3-Year Safe Harbor Period, Offers SEC Commissioner Hester Peirce
While a digital asset may look like a security at first, it could potentially become decentralized enough in the following years to no longer resemble a security. Bearing this principle in mind, SEC commissioner Hester Peirce has proposed a safe harbor period for token sales.
Kik Requires Trial with SEC over the Sale of Kin Tokens
By
Darya Rudz
According to the SEC, the commission and Kik took a total of 11 depositions in the case. The twelfth deposition is scheduled for January 28, 2020.
Telegram Goes On Offense, Asks Court to Strikeout SEC Lawsuit
Telegram asked the New York Southern District Court to dismiss accusations by the SEC that its GRAM token is a security.
SEC’s vs. Ripple Next Chapter Begins Today
Now it may seem that the battle on “whether XRP is a security” will never end for Ripple.
Kik Messenger Keeps Working under MediaLab’s Wing
Kik messaging platform will stay but it will be working under MediaLab that has purchased it.
Ted Livingston States Kik Messenger Is Not Shutting Down
By
Darya Rudz
Despite the battle against the US SEC Kik will not shut down. It has been announced that Kik is going to struggle for its existence.
Kik Founder Vows to Fight On Despite Obstacles Presented by the U.S. SEC
CEO of the once-popular messaging app Kik has indicated that the firm will go to trial against the United States Securities and Exchange Commission of classification of their Cryptocurrency token Kin as a security.
Kik Shutting Down Its Messaging App, CEO Threatens to Quit
Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a lawsuit filed by the Securities and Exchange Commission.
Kik Claims ‘SEC Has Been Twisting Facts’ in Their Ongoing Legal Battle
Kik kicked back at the SEC lawsuit that claims a $100 million ICO was illegal. The company behind Kik Messenger filed a response in U.S. District Court for the Southern District of New York, alleging that the SEC is “twisting” the facts about its token.
