Rebecca Rettig, accomplice at FisherBroyles, talks about Kik’s reply this week to the SEC’s grievance, why she predicted they might make this transfer versus submitting a movement to dismiss as many had anticipated and what their foremost arguments had been. We focus on the important thing factors of their reply, reminiscent of the excellence they make between their SAFT sale to accredited traders vs. the token sale to most of the people, how we may get new legislation utilized to tokens in addition to how the SEC took quotes out of context to make it seem that Kik and/or its board members and different associates stated the other of what they meant.
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Rebecca Rettig: https://www.linkedin.com/in/rebecca-rettig-8b90a284/
Kik’s response to the SEC: https://www.scribd.com/document/420998937/Kik-Response-to-SEC#from_embed
Katherine Wu’s annotations on the response: https://static1.squarespace.com/static/5ac136ed12b13f7c187bdf21/t/5d4a3cfcfe4cc000019dff3b/1565146371923/KIK_SEC_+Answer+to+Complaint_3.pdf
CoinDesk article summarizing Kik’s reply: https://www.coindesk.com/kik-says-sec-twisted-facts-about-100-million-token-sale
CoinDesk interviews with Kik CEO Ted Livingston, and blockchain attorneys Joshua Klayman, Rebecca Rettig and Nelson Rosario on this week’s information: https://www.coindesk.com/watch-join-coindesk-live-with-ted-livingston-ceo-of-kik