SEC sees $5M victory in case against Kik

Cointelegraph

Published Oct 21, 2020 04:17PM ET

Updated Oct 21, 2020 07:00PM ET

On Wednesday, the U.S. Securities and Exchange Commission announced the end of its lawsuit against Kik Interactive.

The Canadian messenger app fell afoul of the U.S. regulator for failing to treat its sale of KIN tokens as a securities offering. A district judge confirmed the SEC's view at the end of September, but only today did the court see the final judgment.

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