Blockchain Association Takes Over Kik’s ‘Defend Crypto’ Crowdfunding Effort
The Blockchain Association will now oversee Kik's "Defend Crypto" campaign, with the added goal of helping other startups fight legal cases.
Telegram’s ongoing court battle with the SEC over its $1.7 billion token offering could put pressure on Congress to move cryptocurrency regulation forward, according to the Blockchain Association.
The advocacy group has supported Telegram's appeal over a U.S. district court's decision to block the firm's token issuance – even outside the country.
The SEC says 7 members of the Blockchain Association have financial interests in Kik in its opposition to the group's brief around the case.
Libra has lost another Association member, but according to @nlw that’s likely low on their worries list, plus Square’s LN efforts & TON’s SEC support.
The U.S. advocacy group has come out strongly on the side of Telegram in its ongoing SEC court case.