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U.S. Securities and Exchange Commission v. Kik Interactive Inc.
Case Number:
1:19-cv-05244
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October 20, 2020
SEC, Kik Agree To End Crypto Sale Saga With $5M Fine
Kik Interactive Inc. and the top U.S. securities regulator told a New York federal judge on Tuesday they've agreed to resolve a landmark enforcement case over Kik's digital coin offering with a $5 million fine.
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October 02, 2020
SEC's Win Over Kik Builds Needed Precedent For Crypto
The U.S. Securities and Exchange Commission's largely expected summary judgment win over Kik Interactive Inc. is the second ruling this year to provide some long-sought clarity on how cryptocurrency intersects with securities law.
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September 30, 2020
SEC Beats Kik In Landmark Suit Over $100M Crypto Sale
A New York federal judge ruled Wednesday that Kik Interactive Inc.'s 2017 sale of $100 million worth of its own cryptocurrency violated securities laws, granting the top U.S. securities regulator summary judgment on its closely watched enforcement action against the Canadian messaging company.
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July 09, 2020
No 'Binding Precedent' In Suit Over Kik's $100M Crypto Sale
U.S. District Judge Alvin K. Hellerstein on Thursday noted the unique position he's in during arguments over telephone in the SEC's case against Kik alleging that the Canadian messaging company engaged in an unregistered securities offering of its Kin digital tokens, pointing to the lack of "binding precedent" on the matter.
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May 11, 2020
Kik Says Order In Telegram Crypto Case 'Has No Bearing'
Kik Interactive hit back at the SEC in a case alleging the Canadian company's digital token offering was an unregistered securities offering, saying the agency's win in a case against fellow messaging application Telegram "has no bearing on" Kik's motion for summary judgment.
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April 27, 2020
SEC And Kik Rip Each Others' Args Over $100M Token Sale
The SEC and Canadian messaging company Kik Interactive Inc. pointed out the deficiencies of each other's arguments over the application of securities law on the latter's $100 million sale of digital tokens in briefs filed in New York federal court.
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April 20, 2020
Blockchain Group Urges 'Narrow' Ruling In SEC's Kik Action
Trade group the Blockchain Association asked a New York federal judge to ignore a recent decision concerning the application of securities laws to digital assets as he considers the U.S. Securities and Exchange Commission's case against Kik Interactive Inc.
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March 23, 2020
Kik Seeks Summary Judgment In SEC's $100M ICO Suit
Kik has asked a New York federal judge to grant the company a win on summary judgment in a case brought by the SEC that alleges the company conducted an unregistered securities offering of its Kin digital tokens, homing in on what it says is an attempt by the agency to dramatically expand its regulatory authority.
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March 20, 2020
SEC Seeks Quick Win In Kik $100M Unregistered ICO Suit
The U.S. Securities and Exchange Commission urged a New York federal court on Friday to grant it a quick win in a case accusing Kik Interactive Inc. of conducting an unregistered initial coin offering of $100 million worth of its Kin cryptocurrency in 2017, $55 million of which was bought by U.S. investors.
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January 22, 2020
Kik Ordered To Tell SEC About Recent Business Endeavors
A Manhattan federal judge on Wednesday directed Kik Interactive Inc., a mobile messaging concern transitioning into cryptocurrency management, to provide the U.S. Securities and Exchange Commission with details about how its business has changed since 2018.