A new organization composed of TON developers and investors has filed an amicus brief supporting Telegram in its fight against the SEC.
A U.S. judge has asked lawyers from the Commodity Futures Trading Commission (CFTC) to provide an opinion in the case brought by the Securities and Exchange Commission (SEC) against Telegram's $1.7 billion token sale.
Telegram has revealed more details about its TON blockchain's block validation process, even as it fights the SEC in court over its $1.7 billion token sale.
Big names that may have invested in Telegram’s token sale are surfacing in court documents as the company fights a case brought by the SEC.
Newly released transcripts of the SEC’s depositions of Telegram executives offer a rare window into the logic and the mechanics behind its $1.7 billion token sale.
The U.S. advocacy group has come out strongly on the side of Telegram in its ongoing SEC court case.
The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.
Telegram launched its token sale because it was "short on cash" to pay for servers, the SEC said.
With the SEC lawsuit holding up the launch of Telegram's TON network, the Japan-based exchange has cancelled its sale of gram tokens and refunded investors.
The SEC produced evidence that Telegram kept selling tokens after its ICO, undermining the firm's argument that the sale was exempt from registration.
Telegram will not integrate a crypto wallet into its messaging app, at least until it gets the green light from U.S. regulators, the company said Monday on its official website.
Telegram has been ordered by a judge to explain why it should not have to turn over bank documents relating to its $1.7 billion initial coin offering.
U.S. District Court Judge P. Kevin Castel in New York signed an order to Britain's High Court to depose John Hyman, Telegram's chief investment officer.
The U.S. Securities and Exchange Commission (SEC) wants Telegram’s former chief investment advisor to testify and hand over documents related to the company's $1.7 billion 2018 token sale.
Telegram's founder and CEO Pavel Durov, plus two other employees, should be deposed to give testimony in the SEC case over whether the gram token is a security, a judge has ordered.