KIN has been a story full of struggle and ups and down there fight with regulators seem never ending but i am happy to see that they are still here still developing and still growing unlike telegram who gave up their blockchain project ton due to regulator interference they should also have fought and continue the project as far as i know that was also one of the most advanced blockchain network that they were developing so never give up.
You can't compare the two, KIN has been on the cryptosphere for so long before they have been sued by SEC and eventually lost the case and the price literally went to 0.
However, the stigma that KIN had today because of that case can't be forgotten, and for sure lost a lot of investors already. But we appreciate their hard work trying to climb back, so good luck to them. Hope they can get back and prove that they are really a good project that can offer something different in the crypto space.
Agreed. Although there was some similarities as far as why the regulators were looking into both, each also had many differences too.
Just to clarify, KIN hasn't lost the case. It's still ongoing. All of the long processes related to the case like discovery and what not are over and it's at the final step. There is a tele-conference on the 9th with Kik, the SEC, and the judge. Although the judge could make a decision at that moment, it's more likely that he will take a month or so to make a decision. So the case is still active, but very close to the end. The decision can be made by the judge, or he can leave it up to a jury to decide instead.
Thank you for that clarification, I was under the impression that KIN has lost the case as well.
Anyway, we will see how it goes, we all know that SEC is likely throwing everything on its path, suing everyone they deemed violates their law. What do you think will be the implications of KIN loses the case though? Specially that they are trying to really get the pieces back?