Last week Kik announced it was closing down its app so that it can focus on fighting the SEC in court over the claim that their KIN token was an unregistered security:

"Becoming a security would kill the usability of any cryptocurrency and set a dangerous precedent for the industry. So with the SEC working to characterize almost all cryptocurrencies as securities we made the decision to step forward and fight."

Yesterday it was announced that EOS creator Block.One settled with the SEC and must pay $24 million in penalties for conducting an unregistered securities sale.

“The SEC has simultaneously granted Block.one an important waiver so that Block.one will not be subject to certain ongoing restrictions that would usually apply with settlements of this type.”

Ashe Oro and I discuss these 2 different cases, and what the future might hold for Kin and EOS, and what this means for ICOs in general

video: https://youtu.be/BHmIuXJHxxQ