Rebecca Rettig, Partner at FisherBroyles, talks about Kik’s response this week to the SEC complaint, why she predicted they would make this move rather than file a dismissal motion as many had expected and what their main arguments. We discuss key points from their response, such as the distinction they make between their SAFT sale to accredited investors and the token sale to the general public, how we might apply a new law to tokens as well as how the SEC withdrew the quotes. context to give the impression that Kik and / or his board members and other associates said the opposite of what they meant.
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Encryption trace: http://ciphertrace.com/
Rebecca Rettig: https://www.linkedin.com/in/rebecca-rettig-8b90a284/
Fisherman Broyles: https://www.fisherbroyles.com
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 response: https://www.coindesk.com/kik-says-sec-twisted-facts-about-100-million-token-sale
CoinDesk interviews with Kik CEO Ted Livingston and blockchain lawyers Joshua Klayman, Rebecca Rettig and Nelson Rosario on this week’s news: https://www.coindesk.com/watch-join-coindesk-live-with-ted-livingston-ceo-of-kik