Kik Loses Against SEC As Judge ‘Shreds’ ICOs – Expect More Cases

The "predictable" court ruling against Canadian social media startup Kik Interactive might provide a glimpse into what is waiting for some of the initial coin offerings (ICOs). Yesterday, US District Court Judge Alvin Hellerstein ruled in favor of the US Securities and Exchange Commission’s (SEC) motion for summary judgment. According to the judge, based on  Read more »
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