Kik Launched a Fundraising Campaign to Fight SEC

3 Jun, 2019 15:09
source: 香港奇点财经 Singularity Financial

Canada mobile messaging firm Kik announced a “Defend Crypto” fundraising campaign seeding with $5 million to take the U.S. Securities and Exchange Commission (SEC) to court.

Kik CEO Ted Livingston said on a podcast last Tuesday that the campaign was launched to bring in a lawsuit to define “a new Howey test for crypto tokens, to determine which ones are a security.”