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

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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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