"The Kin Foundation is launching an initiative called DefendCrypto.org with $5 million in order to fund a potential court battle with the Securities and Exchange Commission, the founder Ted Livingston announced on my podcast, Unchained.
"When we speak to people in the industry, we need to stop living under this cloud of fear, what will the SEC think? What will the SEC think? Because we all know [crypto] is the next mega-trend of technology and by always having to ask ourselves, 'What will the SEC think?,' we are giving ourselves a fundamental handicap to compete on the global stage," he said. "Enough is enough, we need clarity, and the only way we’re going to get clarity is if we go to court, so let’s do that.”
https://www.forbes.com/sites/laurashin/2019/05/28/kin-launches-5-million-defendcrypto-fund-to-take-on-the-sec/#1051c5df733b
"When we speak to people in the industry, we need to stop living under this cloud of fear, what will the SEC think? What will the SEC think? Because we all know [crypto] is the next mega-trend of technology and by always having to ask ourselves, 'What will the SEC think?,' we are giving ourselves a fundamental handicap to compete on the global stage," he said. "Enough is enough, we need clarity, and the only way we’re going to get clarity is if we go to court, so let’s do that.”
https://www.forbes.com/sites/laurashin/2019/05/28/kin-launches-5-million-defendcrypto-fund-to-take-on-the-sec/#1051c5df733b