According to https://www.kik.com/terms-of-service, they seem to have chosen jurisdiction in Canada: "Kik Interactive Inc. is located in Canada at 420 Weber Street East, Unit I, Waterloo, Ontario, N2L 4E7."
According to the article, "The Securities and Exchange Commission today sued Kik Interactive Inc", without clarifying in what jurisdiction they are suing them. It is about "the sale of one trillion digital tokens". It is therefore about the exchange of KIN tokens against other tokens such as BTC, ETH, USDT, or similar.
The American SEC cannot reasonably claim jurisdiction over the non-jurisdictional Ethereum platform, nor over any non-jurisdictional exchange platforms, because in that case, every country could do that too. If every country can do that, then no country can do that.
Why?
Well, in that case, KIK could trivially seek protection in North Korea or Russia, and prevent US enforcement by shielding under their nuclear umbrella.
Concerning KIK's marketing communications, it is not clear who exactly can regulate such messages: the country of message origination or the country of message destination.
We cannot allow US government departments to grab control over non-jurisdictional issues. That is absolutely not in the interest of international users. Therefore, it is necessary to encourage geopolitical adversaries of the USA to impede, thwart, and undermine any such attempt.
According to the article, "The Securities and Exchange Commission today sued Kik Interactive Inc", without clarifying in what jurisdiction they are suing them. It is about "the sale of one trillion digital tokens". It is therefore about the exchange of KIN tokens against other tokens such as BTC, ETH, USDT, or similar.
The KIN token is traded on 10+ different non-jurisdictional exchange platforms: https://coinmarketcap.com/currencies/kin/#markets
The American SEC cannot reasonably claim jurisdiction over the non-jurisdictional Ethereum platform, nor over any non-jurisdictional exchange platforms, because in that case, every country could do that too. If every country can do that, then no country can do that.
Why?
Well, in that case, KIK could trivially seek protection in North Korea or Russia, and prevent US enforcement by shielding under their nuclear umbrella.
Concerning KIK's marketing communications, it is not clear who exactly can regulate such messages: the country of message origination or the country of message destination.
We cannot allow US government departments to grab control over non-jurisdictional issues. That is absolutely not in the interest of international users. Therefore, it is necessary to encourage geopolitical adversaries of the USA to impede, thwart, and undermine any such attempt.