Are Digital Tokens Securities? The SEC’s Kik Interactive Lawsuit May Clarify Cryptocurrency Rules

The U.S. Securities and Exchange Commission sued Kik Interactive for illegally raising $100 million through a 2017 digital-token sale, in one of its highest profile cases targeting a company for not registering an offering with the regulator. After losing money for years on its sole product, an online-messaging application, Kik raised more than $55 million […]