Great news for #tezos | $XTZ. I'm not entirely happy with the result though. Those scammy lawyers actually got away with 25M.
But whatever... I guess that legal stuff is finally over now 👍Move on!
I know fighting the good fight has been one of Ted’s objectives but I hope it is not getting too emotional and commercial decisions are correctly made for the project - those who try to change history first are not always rewarded kindly....
Do as little financial damage to the project as possible as well as getting to a result that allows Kin to continue unencumbered. Lawyers always back themselves and the longer you engage with them the higher their fees mount to....I personally would also think about people who invested in Kin and think about their best interests too....
Well if Ted/ KIK Interactive had to settle now, they arguably have the money for it (thanks to the SOL they are getting). A settlement wouldn't be as much of a win...but I would still be happy just to put all this behind us for good.
Interesting ending, for now. Tezos still not marked as security.
It seams like the general sentiment is it’s ok to pay SEC fine as long as it gets the project out of crosshairs for the time being. Even though there is exactly no more clarity.
It almost feels like crypto projects have to pay the local school bully for existing, and deal with the shakedown.
Interesting to see what this, if any, plays into our case.
Surely, if it’s it’s about ‘protecting investors’ either you held an illegal ICO or you didn’t?
It’s definitely paying the bully. Good on Ted. It’s a long wait but standing up is important. Annoying but necessary.
lakerz690Platinum | QC: DGB 93, ETH 42, CC 34 | TraderSubs 3 weeks ago
I never understood why ppl hyped Tezos so much during the ICO. There's literally nothing to be excited about, where's the innovation... oh wait let me stake my Tezos so I can let it sit like a bank account so I can collect a measly APR.