Kik ICO Trial: Lawyers Issue 130-Page Response Claiming SEC 'Twisted Facts'

The SEC might have met its match in Kik.

The Canadian instant messaging company is accusing the SEC of a publicity stunt in its trial over the issuing of its ICO. The American regulator is going after entities for selling unregistered securities.

Kik says that its ICO was not that and is fighting back. Few companies have the clout to take on the SEC but this could be a breakthrough if it wins. Other companies are surely monitoring the situation.

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