August 7, 2019 Kik publishes rebuttal of SEC allegations over Kin as an unregistered securities sale, disputing the interpretation of Kik staff statements and sequences of events.

While some expected Kik to file a motion to dismiss the case entirely, this approach suggests the legal battle will continue, potentially culminating in a jury trial in late 2019-mid 2020. Kik transferred control of the Defend Crypto initiative, which crowdfunds for Kik’s legal expenses, to an industry advocacy group in late June; donations are still being accepted, though it is unclear how much in outside funds has been raised.