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On Monday Kik CEO Ted Livingston published a Medium article explaining that the company had decided to kill Kik and layoff employees due to complications stemming from its tussle with the SEC, which sued the company earlier this year for raising money in 2017 through a cryptocurrency sale when it launched Kin tactic the SEC sees as an illegal unregistered securities of <a href=https://www.stanleywebsite.us>stanley website</a> feri <a href=https://www.cups-stanley.ca>stanley mug</a> ng. As TechCrunch points out in its reporting, One of the primary arguments in the case is over whether or not Kin qualifies as a security. KiK claims Kin is not a security, but if the SECs allegations that Kin is a security are deemed true, then the sale was a violation of securities laws. After 18 months of working with the SEC the only choice they gave us was to either label Kin a security or fight them in court, Livingston wrote, framing the companys decision as a fight for the future of cryptocurrencies. Becoming a security would kill the usability of any cryptocurrency and set a dangerous precedent for the industry. In the post, Livingston said he will reduce the staff to 19, which would reportedly affect more than 100 employees. He wrote that moving forward his company will focus on its cryptocurrency Kin, which is at the center of the SEC lawsuit. Instead of selling some of our Kin into the limited liquidity that exists today, we made the decision to focus our current resources on the few things that matter most, L <a href=https://www.stanleycups.ro>stanley cups</a> ivingston wrote, apparently referring to his cryptocurrency plans, adding Angc Adidas FutureCraft Loop Sneaker Talks a Big Recycling Game
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