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Kin Appeals to Crypto Space for Help with Legal Fees to Fight SEC for Regulatory Clarity



Kin, the cryptocurrency project launched by the firm behind the messaging application Kik, has asked the crypto asset space for donations to fund a potential legal battle with the US Securities and Exchange Commission. The firm is hoping that such a lawsuit will help to clarify the legal position of many digital currencies that were launched by initial coin offering (ICO).

Kin has already put up $5 million worth of crypto, comprising of their own tokens, along with Ether and Bitcoin. If the firm gets a ruling in its favour, the hope is that the regulatory body will be forced ...

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