In a 130-page document on Wednesday, Canadian instant messaging application Kik refuted the US Securities and Exchange Commission (SEC) lawsuit and categorically denied the company’s core allegations of unregistered securities issues. . Kik insists that its publicly issued token Kin is not a securities sale. Ked founder Ted Livingston pointed out: "The SEC has largely distorted the facts. This is what we did not expect from the SEC." In addition, the company said that Canadian regulators have never made a final decision on whether Kin is a security. This contradicts the statement of US regulators.