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Comment by mindcandy

Note that Kik has expressly stated that they have really wanted this case to go to court for some time now. They strongly believe that the SEC guidance so far has been vague and non-committal to the point of becoming damaging. They believe they have a case that Kin is not a security and that the Howey Test is being mis-applied to many cryptos. By going through with the suit they hope to fast-forward more concrete guidance from the SEC.

https://unchainedpodcast.com/kin-sets-up-5-million-defendcry...

parent mindcandy 7 years ago

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