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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GOP fears "little guy" attack on Amy Coney Barrett

Illustration: Eniola Odetunde/Axios

White House aides and Senate Republicans have spent the past week readying binders full of messaging and rebuttals to guide Judge Amy Coney Barrett to a pre-Nov. 3 confirmation. "We knew for days it was going to be Amy," a Senate GOP aide involved in her confirmation process told Axios.

What we're hearing: Beyond the expected questions about her views on religion, abortion and health care, Republicans worry about Democrats painting Barrett as someone who is insensitive and unfair to “the little guy,” one source involved in the talks told Axios.

Updated 36 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 32,938,616 — Total deaths: 995,465 — Total recoveries: 22,782,724Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 7,101,774 — Total deaths: 204,618 — Total recoveries: 2,750,459 — Total tests: 100,492,536Map.
  3. States: 3 states set single-day coronavirus case records last week — New York daily cases top 1,000 for first time since June.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

Debate commission co-chair: We don't expect moderators to fact-check candidates

Presidential Debate Commission co-chair Frank Fahrenkopf Jr. said Sunday he doesn't expect Fox News anchor Chris Wallace or any of the other moderators to fact-check President Trump or former Vice President Joe Biden at the debates.

What he's saying: "There's a vast difference between being a moderator in a debate and being a reporter who is interviewing someone," Fahrenkopf said on CNN's "Reliable Sources."