SEC Beats Kik In Landmark Suit Over $100M Crypto Sale

By Dean Seal (September 30, 2020, 9:41 PM EDT) -- A New York federal judge ruled Wednesday that Kik Interactive Inc.'s 2017 sale of $100 million worth of its own cryptocurrency violated securities laws, granting the top U.S. securities regulator summary judgment on its closely watched enforcement action against the Canadian messaging company....

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