Telegram Developers Jump to TON’s Defense in SEC Case

Telegram Developers Jump to TON’s Defense in SEC Case


Telegram

A group of Telegram Open Network (TON) developers, calling themselves “The TON Community Foundation,” have submitted a court document criticizing the SEC’s prosecution of the project.

The former messaging app turned blockchain developer has been embroiled in a long-running suit with the United States Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale of ‘Gram’ tokens between January and March 2018 should have been registered with the authority because the tokens constitute a security. Telegram has consistently denied the accusations and has recently been backed up by the community of international developers …

Read The Full Article On CryptoCurrencyNews.com

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Posted by Caileam Raleigh on February 18, 2020 @ https://cryptocurrencynews.com/telegram-developers-ton-defense-sec/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

Comments are closed.