THELOGICALINDIAN - Cryptolawyer Jake Chervinsky has created a Twitter AMA giving his opinions on the latest in the advancing KikSEC saga
Kik’ed By the SEC
Yesterday came account that the Balance and Exchange Commission (SEC) is officially suing Kik over their declared actionable balance sale. So it looks like Kik (and CEO Ted Livingstone) will get its (purportedly craved) day in court.
With too abundant to accommodate in one thread, anytime reliable crypto-lawyer, Jake Chervinsky, absitively to try an AMA (ask me anything). Here are some of the best absorbing queries and his responses.
Why Kik?
Starting with the actual basics; some capital to apperceive what Kik was accused of, and why they, in particular, was accepting sued.
Some argued that this was Kik’s own accountability for not afterward the guidelines.
Can Kik Win?
In acknowledgment to the catechism of whether Kik can save itself, Chervinsky replied, “Sure, why not?”
Somebody abroad again appropriate that Kik could save itself by artlessly clearing the ICO complaint. After all, it makes no acknowledgment of the accepted cachet of Kin, he argued.
Somebody asked why the SEC had acquainted the charge to highlight its acceptance that the ICO was a atrocious accession to accumulate them in business? Was is this important? Aren’t best basic raises like that?
How Does This Affect Other ICOs?
One affiche asked, “If Kik wins the case does that beggarly that added ICOs go scott free?”
When asked who the SEC were acceptable to accompany next, Chervinsky responded that it was absurd to accompany anyone whilst this case was pending. The aftereffect could affect the blow of the crypto-verse thus:
Obviously, this is all aloof able assessment from Chervinsky. We will aloof accept to delay and see what the closing fallout of this advancing altercation leads too.
What do you anticipate will appear with Kik vs. The SEC? Share your thoughts below!
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