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Posts Tagged ‘Gram’

Telegram Appeals Court Ruling Barring Gram Token Distribution

The Telegram messaging platform has appealed a U.S. court ruling prohibiting it from distributing its gram cryptocurrency. U.S. District Judge P. Kevin Castel of the Southern District of New York said Tuesday that Telegram’s 2018, $1.7 billion token sale appeared to be an unregistered securities sale, and barred the company from issuing grams after it…

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Telegram Responds to SEC: Gram Tokens Are Not Securities

Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC). The messaging platform filed a response to the securities regulator Wednesday, writing that the SEC’s emergency injunction last week was unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena. Further, Telegram argued its upcoming gram token…

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