SEC Claims Telegram Injunction Applies to ‘Any Person or Entity’

Cointelegraph

Published Mar 31, 2020 05:47AM ET

Updated Mar 31, 2020 07:20AM ET

The United States Securities and Exchange Commission has opposed Telegram’s request for clarity regarding the geographic scope of a court injunction barring the company from distributing its Gram (GRAM) tokens.

In a letter to Judge Castel dated March 30, the SEC asserts that the injunction “unambiguously, and properly, applies to Telegram’s delivery of Grams to ‘any person or entity’ [...] and requires no clarification.”

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