KIN SEC Case is over and it is officially ‘not a security’

Official statement from Kin:

https://medium.com/kinblog/a-new-chapter-begins-in-the-life-of-kin-and-the-kin-foundation-ddd26cb7ff50

Kin got some great news, as it is now officially considered ‘Not a security’. From the good news it’s price has more than doubled in the last 2 days.

Ruling:

https://www.courtlistener.com/recap/gov.uscourts.nysd.516941/gov.uscourts.nysd.516941.90.0.pdf

Points of interest:

Kin price has doubled in the last 2 days.

Kin has 57 apps in it’s ecosystem with 3 million monthly active users (40 million unique)

Kin is moving to Solana blockchain on December 8th

Kin is on Coinbase Custody

r/kinfoundation

submitted by /u/Icedcool
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