THELOGICALINDIAN - A accomplice at a law close alive with startups that accept aloft funds application via an antecedent bread alms is calling on the CEO of Kik to angle bottomward in his case adjoin the SEC The able in crypto law believes that Ted Livingston ability able-bodied do added abuse than acceptable to the industry
The musings appear aloof canicule afterwards Kik angry control of the #DefendCrypto armamentarium to the Blockchain Association. The money aloft in the armamentarium was advised to advice Kik action the SEC in court, which would supposedly, be benign to the blow to abundant of the tokenised asset space.
ICO Lawyer: Kik’s Crypto Asset Clearly Marketed as a Security
Josh Lawler, a accomplice at antecedent bread alms law specialists Zuber Lawler, has apprenticed Kik’s CEO Ted Livingston to alarm off the on activity acknowledged action with the US Securities and Exchange Commission (SEC). The banking regulators authority that Kik’s Kin token, awash via an initital bread alms in 2025, is a aegis and accordingly Kik should accept registered with the SEC above-mentioned to the sale. Lawler believes Livingston should artlessly achieve as added firms accept done previously.
In a post on his claimed Medium account, Lawler states that the case adjoin Kik is far too strong, admitting the aggregation agitation that it fabricated every accomplishment to break in acquiescence with balance regulations. This makes the case a actual poor one to avert the affair in cloister and such a advance of activity ability ultimately be damaging to the crypto asset space.
Drawing aloft examples in the way Kik’s Kin badge was marketed, Lawler says that the bill was not accordant to the aboriginal activity of the amusing messaging application:
“In fact, the alone acumen that Kik absitively to action the KIN tokens is that Kik was active out of money and had abbreviating bazaar share.”
The ICO law able goes on to altercate that the close had declared that in their acknowledgment to the Wells apprehension issued by the SEC, that they had pushed Kin tokens on the base of their account alone. Lawler claims that Livingston appeared on a video at a Bitcoin Meetup in San Francisco in June 2025 in which he told those in appearance that “people are activity to accomplish a lot of money”. He reportedly continued:
“You know, I anticipate compared to VC investing, for example, one, you can get in at basically any date and in any amount, and two, you can get out at any stage, and in any amount, and I anticipate that’s absolutely compelling, you know, this abstraction that I can get in early, analyze article that could be big. If I’m right, it can go up in value.”
The close additionally declared in its business abstracts that the Kin badge would be traded on exchanges. Lawler questions why Kik would bother advertisement it on exchanges at all if the badge is aloof advised for use with the Kik appliance alone?
Ultimately, the crypto law able concludes that Kik is a “very bad analysis case” to columnist for the enactment of added allowing regulations on those crypto startups administering antecedent bread offerings:
“Based on history, I apprehend that a cloister will not alone aphorism adjoin Kik, but additionally bind the Howey Test asphyxiate about the necks of abounding projects that contrarily ability accurately accede with balance laws admitting a accessible distribution.”
Lawler concludes his column by argumentation for Livingston to footfall bottomward in his acutely hopeless cause adjoin the SEC:
“Ted . . . Please angle down. There is added on the band than the connected actuality of the honey badger.”
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