The founder and current head of Kik – the Canada-headquartered instant messaging mobile app – has made combating U.S. lawmaker, regarding the native Kin (KIN) digital coins, his top priority.

Reported by Global News on September 25, Kik CEO Ted Livingston promised to take on the US regulators despite whichever hardships may come his way. 

“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.”

Previously, Kik has been deeply involved in a legal case raised by the US SEC, concerning its designation of the initial coin offering (ICO), with the US organization pressing charges against the Canadian firm, for organizing an allegedly unlicensed token offering with total value stood at $100 million.

Livingston has vowed to devote all his resources to prevail the legal combat. According to him, should Kin officially viewed as a security by the law, heavy regulations will deem it unworkable, putting the firm’s revenue model at risk. 

Kik is working to be able to attend the court for this matter by May next year. At the same time, the legal challenge brought upon by the SEC has plummeted the adoption rate of Kin, and further put restrictions on trading – despite the number of devices that use the token is still 60. 

“Cryptocurrencies are the only way, the only tool we have now that we can counteract that, where we can build a new economy with a new form of money where we can rewrite the rules for how wealth and value is created in a global society.” Livingston further explained his determination and his view towards how Kin can be the sole solution to handle an ever-increasing concentration of wealth.