SEC Calls Out Status of Telegram's TON, Doubting Development
Cointelegraph
Published Jan 22, 2020 05:46PM ET
Updated Jan 22, 2020 07:22PM ET
SEC Calls Out Status of Telegram's TON, Doubting Development
In the latest from U.S. Security and Exchange Commission’s (SEC) ongoing lawsuit against Telegram for its offering of Gram tokens, the commission bashes the messaging service’s blockchain and related token.
In a lengthy filing with the court of the Southern (NYSE:SO) District of New York the SEC responded to Telegram’s earlier motion for summary judgment. In it, the SEC disparaged the Telegram Open Network (TON) — Telegram’s blockchain — as well as the operation’s Gram (GRM) token.
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Written By: Cointelegraph
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