While the crypto community waited with baited breath for this decision, a lawyer said the result was inevitable.
A US court yesterday agreed with the SEC that Kik Interactive offered and sold securities in the US—its token Kik—without being authorized to do so.
It had been a long wait for Kik followers since oral arguments ended in court on July 9. Kik fans have had to hold out for 83 days, hoping for a favourable decision. But for one lawyer, the result was never going to go any other way.
Source:
https://decrypt.co/43552/sec-kik-decision-was-just-a-matter-of-time