Venture Capitalists Weigh In on the SEC-Kik Case: Term Sheet28

It's been a while since I wrote about the state of the cryptocurrency market (largely because many of the private equity-focused Term Sheet readers revolted and urged me to write about "real businesses" instead...).

But there's some pretty significant news today. The Securities and Exchange Commission has filed a $100 million lawsuit against Canadian social media startup Kik Interactive for selling unregistered tokens in one of the most high-profile cryptocurrency crackdowns yet.

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