Grams

Token Launches From Ethereum to Telegram: Where Do We Go From Here?

Source Node: https://cointelegraph.com/news/token-launches-from-ethereum-to-telegram-where-do-we-go-from-here
Time Stamp: August 12, 2020 9:51 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In February, United States Securities and Exchange Commission Commissioner Hester Peirce was asked to give her opinion on the SEC’s case against Telegram. She declined to comment at the time, as SEC officials do not speak publicly about ongoing enforcement actions. In late July, however, with the Telegram case settled, Commissioner Peirce gave a speech titled “Not Braking and Breaking” that pointedly questioned the approach taken by the SEC in the Telegram case. Concluding her remarks, Commissioner Peirce asked:“Who did we protect by bringing this action? The initial purchasers, who

In Legal Battle With US SEC, Telegram Sees New Support From Trade Association

Source Node: https://cointelegraph.com/news/in-legal-battle-with-us-sec-telegram-sees-new-support-from-trade-association
Time Stamp: April 5, 2020 6:18 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Blockchain Association, a major United States-based trade association in the crypto sphere, has filed a new brief in support of Telegram amid the firm’s continuing legal battle with the Securities and Exchange Commision (SEC).The amicus brief and the SEC’s lack of clarityThe April 3 brief takes the SEC to task for backtracking on its own guidance for legally distributing digital assets. Referring to the inconsistency that issuers of digital assets must cope with when dealing with the SEC, the brief says that “No settled precedent or agency rulemaking addressed whether

New York Judge Says Telegram Can’t Distribute Grams Outside U.S. Either

Source Node: https://cointelegraph.com/news/new-york-judge-says-telegram-cant-distribute-grams-outside-us-either
Time Stamp: April 1, 2020 11:29 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

A New York judge has ruled that the injunction barring Telegram from issuing its Gram tokens extends to all entities in the United State and overseas.On April 1, U.S. District Judge P. Kevin Castel, responded to the encrypted messaging firm’s request for clarification as to the scope of the court’s March 24 preliminary injunction. He denied Telegram’s move to distribute tokens to the non-US-based participants of its 2018 initial coin offering (ICO).Approximately $1.27 billion of the funds raised to finance the development of the Telegram Open Network (TON) came from