{"id":"tp-2103","type":"article-newspaper","title":"U.S. SEC sues Kik Interactive over $100M ICO, says KIN is a security","author":"Shampa Mani","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/regulation/2103","datePublished":"2019-06-05T05:34:45.000Z","dateModified":"2019-06-05T05:35:46.000Z","language":"en","abstract":"The United States Securities and Exchange Commission (SEC) has sued Kik Interactive, the company behind the chat platform Kik, for conducting an illegal $100 million securities offering of digital tokens in 2017.","section":"Regulation","references":[{"title":"complaint","url":"https://www.sec.gov/news/press-release/2019-87"},{"title":"initiated a campaign","url":"https://tokenpost.com/Arrington-XRP-Capital-Circle-and-others-support-Kins-5M-fund-to-take-on-US-SEC-2026"},{"title":"Commenting","url":"https://www.prnewswire.com/news-releases/kik-responds-to-sec-complaint-300862114.html"}]}