Why is Kik Challenging The SEC In Anticipated Crypto ICO Court Case?

Ever since initial coin offerings (ICOs) became mainstream, regulators, especially the U.S.’ governmental agencies, have sought to make moves against this newfangled form of funding. The crypto assets from these sales are touted as utility-centric, but incumbents have argued that they resemble securities.
Jay Clayton, a commissioner at the U.S.’ Securities and Exchange Commission (SEC), has claimed on multiple occasions that ICOs are not exempt from the financial legislature. In a sp