Kik hands over management of its crypto legal fund to Blockchain Association

Crypto social media platform Kik Interactive ($KIN) has handed the reigns of its crypto legal fund, Defend Crypto, to the Blockchain Association. The fund has over $2 million in residual funds for challenging current SEC rulings on crypto projects. Kik is currently in a protracted battle with the SEC, with the regulator claiming Kik performed an unregistered security sale of its Kin token.

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