Kik CEO: I hope to confront the SEC as soon as possible

According to BNN Bloomberg, KID Interactive founder and CEO Ted Livingston said he will continue to fight the future of the US SEC on its cryptocurrency Kin until the company is forced into bankruptcy. Livingston claims that he hopes to confront the SEC as soon as possible to resolve the lawsuit initiated by the regulator. The lawsuit weakened the function of the cryptocurrency Kin and hindered the company's profitability. On Monday, Kik announced that it would close the app and lay off 19 people. The company said on Wednesday that the Kik team will move to a new company in Waterloo, Ontario, but declined to provide more details.