What started with the unexpected closure of an investment platform may have ramifications for U.S. DeFi projects say critics.
Kik News
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Ripple’s CEO, Brad Garlinghouse, has responded to some of the community’s concerns surrounding the SEC’s $1.3 billion lawsuit against the firm.
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In a record-breaking year, the SEC seized $4.68 billion — more than a quarter of which came from cryptocurrency-related firms.
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The outlook is grim for the Canadian messaging app as it loses $5 million over its initial coin offering for Kin tokens.
6053 - Expert Take
SEC v. Kik doesn’t have to be game-over for Kik or SAFTs. In fact, the decision is perhaps more favorable than the SEC v. Telegram order.
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A judge has ruled that the $100 million ICO conducted by the Canadian messaging platform Kik in 2017 violated federal securities laws.
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Kik and Solana may be trying to keep damaging allegations hidden from the public.
4550 - In depth
As Telegram learned, regulators in the U.S. are a major barrier to new projects looking for funding anywhere in the world.
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The SEC has proposed a summary judgment that it hopes will conclude the regulator’s lengthy battle with Kik over the firm’s 2017 ICO.
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The SEC and Kik have opposed each other’s motions for summary judgment in the ongoing battle over Kik’s $100 million ICO in 2017.
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The Blockchain Association has asked the court, which is considering Kik’s case, to deny the SEC’s motion for summary judgment.
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Canadian messaging company Kik is following the SEC in seeking summary judgment in their dispute over Kik’s $100 million ICO in 2017.
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SEC seeks an early victory in lawsuit against Canadian messenger firm Kik for $100 million ICO in 2017.
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New documents reveal Kik is pushing to set a trial date for its SEC lawsuit, which may be scheduled for some time in the second half of 2020.
6611 - Follow up
Kik almost went to the verge of shutting down because of its lawsuit with the SEC. A buyout from MediaLab saved it.
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