The Securities and Exchange Commission doesn’t understand cryptocurrencies, is unfair, and is out of touch with what its own commissioners are saying in public.
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We're guessing the folks at Kik want to give a kick to authority of some kind right about now (via Pixabay).Hounded by SEC, Kik shuts down, laying off 100: Here’s what you need to know
The high-profile lawsuit over its Kin ICO proved too much for the messaging app, which will keep a small team developing the cryptocurrency
The U.S. Securities and Exchange Commission claimed a high profile scalp on September 23, when messaging service Kik announced it would shut down, laying off more than 100 employees. (Update: as of Oct. 13, it's not shutting down.)
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Outraged Kik blasts SEC lawsuit
Kik Interactive responded angrily yesterday to a lawsuit by the U.S. Securities and Exchange Commission alleging its $100 million initial coin offering of the Kin cryptocurrency was illegal. The case is the SEC’s highest-profile action to date claiming that an ICO violated the law by selling an unregistered security to the public.
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Despite SEC lawsuit against Kik, Kin Ecosystem is growing, claims GM | Interview
Alex Frenkel sees developer interest in tokenomics gaining steam
Kin Ecosystem is alive and well, according to its general manager, Alex Frenkel. That’s despite the Securities and Exchange Commission lawsuit against Kik Interactive, the company which created Kin. The SEC claims the Canada-based messaging app sold unregistered securities to U.S. investors during its 2017 ICO. The complaint stopped short of alleging that the Kin token—which is governed by Kin Ecosystem—is a security.
