Man Holding Spear Throwing it at the SEC Crest

The messaging app has filed a countersuit against the SEC, claiming the agency has deliberately twisted facts to make it seem like Kik had not complied with necessary regulations. The SEC launched an investigation into Kik and came to the conclusion that their token, Kin, was a security but did not comply with securities regulations.

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Source and More information: Kik Launches Scathing Rebuttal at SEC