Ted Livingston Discusses Kik’s Response to the SEC

Kik CEO Ted Livingston told CoinDesk on Wednesday that the SEC had taken quotes out of context in its original complaint, saying: “I think what surprised us is just how much the SEC twisted the facts.”

Messaging platform Kik Interactive is facing off with the U.S. Securities and Exchange Commission over its 2017 Kin token sale. The SEC alleges Kik violated federal securities law, while Kik maintains that kin is not a security and its sale was legitimate.

“We knew we were openly challenging the SEC when we published our Wells Response”, he said. “We said ‘Hey, somebody has to take on the SEC.’”

To combat these allegations, Kik took the unusual step of rebutting every paragraph in the SEC’s complaint, providing context to certain comments and addressing claims throughout a massive, 130-page filing.

While there is no firm timeline set for how the case will proceed, Livingston said a federal judge is leaning toward a speedy discovery process, which may conclude as soon as November 2019.

“We’re going to try to push this through as fast as possible”, he said.

Crypto Entrepreneur Jeremy Gardner Pitches Reality Show to TV Networks

Will a bitcoin millionaire become the next reality TV star?

Serial entrepreneur Jeremy Gardner, the 27-year-old co-founder of Augur and the Blockchain Education Network, is taking on Hollywood with a self-funded YouTube series called the “Crypto Castle Chronicles.”

Produced by Adrian Basch, formerly of Vice and now a contributing producer on the CNBC Africa “Crypto Trader” show hosted by Ran NeuNer, “Crypto Castle Chronicles” is being shopped around to television networks, Gardner said.

“It offers real insight into entrepreneurship, startups, and fundraising, from a perspective that isn’t like Shark Tank”, he told CoinDesk. “We’re speaking to executive producers at some of the networks.”

Gardner is perhaps best known as the main tenant of the “Crypto Castles”, an apartment in San Francisco and a mansion in Miami where blockchain industry heavyweights often sublet and party.

The New York Times referred to Garnder as the “king” of these testosterone-soaked dwellings in a 2018 article about early bitcoin adopters getting “hilariously rich.” A followup feature by Breaker displayed a pantry full of liquor and Star Wars toys in San Francisco, plus bikini-clad models at the Miami pad.

It’s educational

These days, Gardner is trying to raise money for his new lifestyle brand MadeMan, starting with skincare products. A film crew followed him around for two weeks as he pursued a Series A round, resulting in a dozen 10-minute episodes that begin airing on YouTube next week.

“There’s never been educational reality TV”, Gardner told CoinDesk, claiming he’s turned down “a dozen” offers to make a reality program about his life before filming his own show, his way.

Along the way, Gardner interviews early bitcoin investors like Morgan Creek Digital’s Anthony “Pomp” Pompliano and token guru Ian Balina. Gardner said his goal for the show is to educate the masses about cryptocurrency through following his personal journey.

Although so far the show doesn’t include any explainers, technical deep dives, or examples of him actually using bitcoin, he added he plans to film bonus explainers with one of his portfolio companies and eventually transact with bitcoin on the show.

“If you look at the two most powerful people in America, it’s probably Donald Trump and the Kardashians. How did they build their power base? Reality TV”, Gardner said, nevertheless insisting this series isn’t motivated by a desire for fame or fortune.

“It’s a real mechanism for providing thoughtful entertainment for the masses in a way they feel most comfortable digesting”, he said.

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