<p>Kik founder and CEO, Ted Livingston, has said that he is ready to keep fighting with the U.S. Securities and Exchange Commission (SEC) over Kin, the firm’s native cryptocurrency.</p> <p>“We have to keep going. Until that’s it, we don’t have a dollar left, a person left. We will keep going no matter how hard it is,” Livingston <a href="https://globalnews.ca/news/5952327/canadian-kik-sec-cryptocurrency/">said</a> at the Elevate <a href="https://elevate.ca/speakers/">conference</a> in Toronto on Wednesday, as reported by The Canadian Press.</p> <p>In 2017, Kik <a href="https://www.theblockcrypto.com/linked/9024/kik-ceo-ted-livingston-challenges-the-sec-over-the-legality-of-the-firms-ico">raised</a> $100 million in an initial coin offering (ICO) via kin tokens. The SEC believes that the company issued unregistered securities, while Livingston says the tokens are so-called "utility" tokens. Kik also wants to test if the SEC has jurisdiction over Kik as it is the Canadian company.</p> <p>Livingston’s comments come two days after he <a href="https://medium.com/@tedlivingston/moving-forward-boldly-with-kin-ec6290a6453">announced</a> the closure of popular messaging app Kik and <a href="https://www.theblockcrypto.com/linked/40743/kik-is-reportedly-considering-shutting-down-its-messaging-app-sending-layoff-notices-to-kin-employees?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=default">laying off</a> at least 100 people. He said at the time that the company will now focus on “one thing: converting Kin users into Kin buyers,” adding: “No matter what happens to Kik, Kin is here to stay.”</p>