Kik and the SEC: What’s Going On and What Does It Mean for Crypto? - Andreessen Horowitz
- Article
- May 15, 2019
- #Regulation #Cryptocurrency
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 ille...
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a16z @a16z
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Apr 30, 2020
- Curated in Resources for Understanding Crypto
Given how little accessible and accurate information is out there about how regulatory agencies actually work, we share some thoughts on how SEC investigations happen (across all industries, not just crypto); how network usage may impact whether a cryptocurrency is deemed a security; and what the industry might expect next. The arguments of recent cases are interesting, because they are representative of how the entire industry is dealing with an emerging technology where it’s still unclear which regulations will apply and how.