SEC sues chat app Kik over its $100 million token sale

Illustration: Rebecca Zisser/Axios

The U.S. Securities and Exchange Commission on Tuesday filed suit against Canadian chat app Kik, alleging that its $100 million token sale in 2017 should have been registered as a securities sale. Kik has argued the tokens should be classified as currency, as they're used to buy and sell digital goods.

Why it matters: This case could result in greater clarity on the legal status of digital tokens.

Go deeper: Kik goes to court over crypto debate

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Trump team opts to not burn down the house

Trump attorney Jay Sekulow holds the Mueller report as Rep. Adam Schiff and other impeachment managers listen. Photo: Senate TV via AP

On opening day of the defense casePresident Trump's legal team didn't try to burn down the house by going after the Bidens.

The state of play: The team put on a fairly conventional legal rebuttal — trying to poke holes in the House impeachment managers' case, and arguing that Democrats just don't have enough evidence of wrongdoing to throw Trump out of office — especially in a year when he's up for re-election.

Trump approaches speedy acquital

Photo: Drew Angerer/Getty Images.

Officials in both parties tell Axios that — barring surprise new information — President Trump is on a glide path to swift acquittal at his Senate impeachment trial, despite a blizzard of evidence bolstering Democrats' accusations.

Why it matters: Trump has a decent chance of avoiding witnesses and of losing zero Republican votes on conviction. When the news of Trump's Ukraine scandal broke, few thought every single Republican in the House and Senate would have his back. Bill Clinton pined for such unity. 

U.S. evacuates personnel as coronavirus death toll climbs

A health worker checks the temperatures of Chinese travelers arriving in Beijing from Wuhan. Photo: Kevin Frayer/Getty Images

56 people have died from an outbreak of a coronavirus strain that originated in Wuhan, China, according to the Chinese National Health Commission.

The latest: The U.S. Embassy in Beijing announced plans to evacuate its Wuhan consulate personnel and some private citizens on a limited-capacity charter flight from the city to San Francisco on Tuesday, per AP, which reports that those "at greater risk from coronavirus" would be prioritized over others.

Go deeperArrowJan 20, 2020 - World