Kik and the SEC: What’s Going On and What Does It Mean for Crypto?


This post is by Sonal Chokshi from Andreessen Horowitz


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Kik, the Tencent-backed messaging app, raised $150 million in August 2017 in an initial coin offering (ICO). Weeks before that, the SEC issued guidance that ICOs may constitute illegal securities offerings, so it was no surprise to learn Kik was