Kik responds to SEC complaint
Kik's General Counsel Eileen Lyon responded to the SEC's recent filing against Kik ($KIN), calling the action an unfair application of the Howey test and misleading concerning Kik's 2017 ICO. CEO Ted Livingston argued that--counter the SEC filing--the Kin token has utility and could one day be " the most widely used cryptocurrency in the world." Lyon and Livingstone expressed their expectation to fight the SEC in court.
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