Kin launches $5 million DefendCrypto fund to take on the SEC

Ted Livingston, founder of Kik ($KIN) and the Kin Foundation, says the Foundation is launching a $5 million fund to fight the U.S. SEC over crypto-securities law called DefendCrypto. Livingston announced the initiative on the Unclaimed podcast with host Laura Shin. Kik and the Kin Foundation have gone toe-to-toe with the SEC following a $100 million ICO by Kik two years ago, although no major developments have taken place recently.