Does the SEC’s ICO Lawsuit Against Kik Go Too Far?

Since 2017, the Securities and Exchange Commission has been sending warning signals to the cryptocurrency industry over so-called “initial coin offerings” (ICOs), which entail selling digital tokens to the public that can–in theory at least–one day be used to participate in an online service. Those warnings have so far come in form of public statements […]

Fess Up: SEC Goes Easy on Cryptocurrency Companies That Cooperate

The U.S. Securities and Exchange Commission has been cutting deals in recent months with cryptocurrency projects it has deemed to be in violation of the so-called Howey test, a rule-of-thumb for determining whether an asset qualifies as a security and, therefore, must be registered with the agency. I spoke with some of the entrepreneurs who […]