SEC Sues Kik Over Illegal Security Token Kin, The Outcome Could Change Crypto Forever

As expected, the United States Securities and Exchange Commission has sued Kik Interactive Inc. The regulatory body alleges that the social messaging firm turned crypto company broke securities laws when it held its $100 million ICO in 2017.
Kik argues that it has attempted to work with the SEC over the past 18 months and has spent over $5 million in the process. The company hopes that the outcome of the lawsuit will force the regulator to come up with an alternate definition of what is consider