WATCH: Ted Livingston Discusses Kik’s Response to the SEC
Kik CEO Ted Livingston discussed his company's legal fight with the SEC on CoinDesk Live last week.
Kik wants to depose top SEC officials, and expose that they were making it up as they went. But the SEC is having none of it.
Kik has sold its messaging business to a holding company called MediaLab but plans to continue enabling Kin on the platform
Kik has hit a brick wall with its ambitious "void for vagueness" defense in a case brought by the SEC over its $100 million initial coin offering.
This article has been updated to rectify inaccuracies in our original reporting.
In a company blog post, Livingston said the ongoing dispute with the SEC has forced Kik to close its doors.
The SEC's complaint against Kik, after it raised $100 million in an ICO, seemed pretty brutal, but not so fast, we're only hearing one side of the story. Watch more here as three lawyers discuss the case, its merits and its potential impacts for the crypto industry as a whole.