A judge has ruled the company to halt the issuance of Gram tokens and asserts that securities laws may have been broken.
The government is seeking outside bids for ways to prevent Telegram, TON and mesh-networks to operate in the country.
A recent case undermined the arguments supporting the SEC’s injunction, allegedly preventing Twetch from issuing further tokens.
A VC firm has objected to requests from the SEC relating to requests for emails, which it considers “confidential and commercially sensitive documents.”
The U.S. SEC has submitted more evidence to support its claim that Telegram offered illegal securities
The social messaging company still plans on moving forward with its blockchain despite the ongoing legal battle.
From central bank digital currency to more regulatory oversight, the crypto space continues moving forward.
The U.S. financial regulator bears down harder against the messaging company and its GRAM token sale.