Did Kik Just Place a Target on the Backs of its Form-D ICO Peers?
By CCN: Kik might very well have good intentions by inviting a fight with the U.S. Securities and Exchange Commission. If the litigation, which the securities regulator has filed against the company, goes Kik’s way, it will set a precedent for other blockchain startups that have taken a similar approach to raise funds in an initial coin offering (ICO). But if the other shoe drops, Kik could find that it has placed a target on the backs of its peers that have pursued a similar fundraising path – an ICO seemingly with the SEC’s blessing. Kik filed a Form-D with
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