The Canadian chat app producer, Kik, extended its arguments against the US Securities and Exchange Commission (SEC). In a lengthy filing, Kik explained its rationale on why the KIN token sale in the summer of 2017 was not a desperate attempt and did not sell an unregistered security.
Kik’s arguments are built around the claim that the SEC reading of the case is “misleading and selective”. Additionally, Kik refuted the claims that the KIN token was a security, and ins...