Telegram went to court with a request to lift the ban on the sale of GRAM tokens

Telegram went to court with a request to lift the ban on the sale of GRAM tokens

The Telegram company, behind the messenger of the same name, went to court to refute all accusations from the US Securities and Exchange Commission (SEC).

Telegram filed a statement with the District Court of New York, which says that all claims are unfounded, since the private placement was carried out in accordance with the current US federal laws, and the tokens have not yet been issued. Adding that after the launch of the TON blockchain, GRAM will be classified as commodities or currencies, but not securities.

After the SEC achieved emergency the ban on the sale of tokens, due to their illegal distribution, the company’s management asked investors to wait until spring until all issues with the regulator are settled.

Telegram also points out that the Securities and Exchange Commission has not yet provided clear guidance and notifications of their views on what specific actions are in violation of securities laws, so this precedent reflects the subjective view of officials.

In addition, the company claims that it voluntarily cooperated with the regulator in order to avoid violation of legal norms and did not notify about the distribution, since this is not required by the legislation on the Central Bank..

The hearing in this case is due on 18–19 february.

text: Ivan Malichenko, photo: vladtime

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