Bitcoin Daily: SEC, Kik In Court Over Token Sale; Billionaire Tim Draper Eyes Investing In India’s Crypto Sector
PYMNTS
MARCH 23, 2020
It contended that it had not had an unregistered securities sale as of the beginning of 2018 when the SEC first acted. In addition, the regulator disputed Kik’s contentions that half of its sale was just for accredited investors. The SEC contended that Kik sold tokens to investors with the idea that they would experience a return.
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