Prescient email is prescient.pic.twitter.com/q6LYl9N6d3
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I wonder what meetings at crypto firms sound like: “What’s our compliance strategy here?” “It is... not complying.” “Oh burn.” “YOLO swag.”
Not really above board...they allegedly promoted it as an investment offering 
Is it not true that the SEC goes after the clearest cases first?
No wonder Zhao declined an invitation to go to the US. Smart crook.
Kik’s CEO told Ars Technica they’ve already spent $5M on SEC negotiations: https://www.google.co.uk/amp/s/arstechnica.com/information-technology/2019/06/cryptocurrency-firms-renew-push-to-break-free-from-sec-rules/%3famp=1 … In the same article, Fred Wilson thinks the industry needs to be “mad as hell” and push back. Hmm.
Why do "negotiations" cost $5m?

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