Shownotes Transcript
Ted Livingston, CEO of Kik and the founder of the Kin Foundation, and Patrick Gibbs, partner at Cooley, announce the formation of the $5 million DefendCrypto.org) fund at Coinbase Custody to fight the SEC in court. Kik and Kin are hoping that a lawsuit would eventually result in a new Howey test for crypto tokens, to determine which ones are a security. In this episode, they explain has happened so far between them and the SEC to bring them to this point and what their main arguments are. Plus they defend themselves against some of the evidence against their case and we discuss what they can expect going forward.
Read the full show notes on Forbes.com): http://www.forbes.com/sites/laurashin/2019/05/28/kin-launches-5-million-defendcrypto-fund-to-take-on-the-sec/)
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Episode links:
DefendCrypto: https://www.defendcrypto.org)
Kik: https://www.kik.com)
Kin: https://www.kin.org)
Ted Livingston: https://twitter.com/ted_livingston)
Patrick Gibbs of Cooley: https://www.cooley.com/people/patrick-gibbs)
Kik’s Wells response: https://www.kin.org/wells_response.pdf)
Kin white paper: https://www.kin.org/static/files/Kin_Whitepaper_V1_English.pdf)
The DAO report: https://www.sec.gov/litigation/investreport/34-81207.pdf)
Kathryn Haun of A16z Crypto's blog post: https://a16z.com/2019/05/15/kik-and-the-sec-whats-going-on-and-what-does-it-mean-for-crypto/)
Importance of the Kik and Kin Foundation case by the Blockchain Association: https://medium.com/@BlockchainAssoc/the-potential-kik-and-the-kin-foundation-case-has-major-consequences-for-the-open-blockchain-de8ed616a1c)
Breaker Mag on Kik's fight with the SEC: https://breakermag.com/how-kiks-looming-sec-fight-could-unfold-and-why-it-will-define-blockchains-future/)
Video of Ted at the San Francisco Meetup: https://youtu.be/rqN7srwqRf8)
Kik chooses Stellar: https://www.coindesk.com/two-chains-no-more-kik-selects-stellar-over-ethereum-for-crypto-token-launch)
Kik chooses Stellar and Ethereum: https://www.coindesk.com/ethereum-and-stellar-mobile-messenger-kik-embraces-two-blockchains)
Next Web story: https://thenextweb.com/hardfork/2018/12/06/kik-kin-cryptocurrency-blockchain-2/)
Kik pre-sale: https://www.coindesk.com/mobile-messenger-kik-raises-50-million-ahead-75-million-ico)
https://www.coindesk.com/why-big-investors-are-betting-real-money-on-a-kik-cryptocurrency)
SEC Framework: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets)
Token Taxonomy Act: https://medium.com/@BlockchainAssoc/the-token-taxonomy-act-is-back-and-we-need-it-more-than-ever-d2cbf0154776)
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