Blockchain Association to Oversee Spending of the Defend Crypto Fund3.8

The Blockchain Association has taken over the “Defend “Crypto” fund setup to help finance the legal battle between Kik and the SEC. The social messaging firm has stated that it feels the money could be better put to use by the industry collectively.

Kik will take back the original $5 million it had donated to get the fund off the ground. The remaining money  be under the Blockchain Association’s care and will go towards protecting crypto assets.

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