Kik founder and CEO Ted Livingston has announced his intention to continue the fight with the US Commission on US Securities and Exchange Commission (SEC) for Kin, the company's own cryptocurrency.
We must not stop. The end will not come until we have not a single dollar, not a single person. “We will continue, no matter how hard it is,” Livingston said at the Elevate conference in Toronto this Wednesday.
Kik raised $ 100 in 2017million through an initial coin distribution (ICO). In turn, the SEC believes that the company issued unregistered securities. At that time, Livingston claims that tokens are the so-called “service” tokens. Kik also intends to verify whether the SEC has the authority to dispute with Kik, as it is a Canadian company.
Recall earlier this week, the company announcedthe closure of the popular Kik messenger and the numerical dismissal of employees. The company will now focus on turning Kin users into Kin buyers.
No matter what happens to Kik, Kin will stay here, ”Livingston said.