2019-12-8 18:47 |
According to the filings made through the U. S District Court in New York, SEC’s main agenda is to stop the launch of Telegram’s blockchain ‘TON’ which is to be accompanied by its native token sale ‘grams’.
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Instant messaging app Telegram is reportedly planning to go public. According to Vedomosti, a Russian business newspaper that cited multiple sources familiar with the matter, Telegram plans to launch an Initial Public Offering (IPO) within the next two years with a possible valuation in the region of $30 to 50 billion.
Securities and Exchange Commission (SEC)’s Hester Peirce disagreed with the regulator's in the latest battle to shut down Telegram’s GRAM’s project in a speech during the Blockchain Week in Singapore on Tuesday.
According to a court filing on June 24, 2020, the U.S Southern District Court of New York Judge Kevin Castel, ordered Telegram to pay a civil penalty of $18.5 million to the SEC within the next 30 days for violating the securities laws in issuing its GRAM tokens during its public offering. The court also […]
In an official announcement from the Chinese TON project, the third “fork” from Telegram’s abandoned TON blockchain is set to launch. The company aims to follow through with Telegram’s vision of a decentralized blockchain project after Pavel’s move to pull the messaging app firm out of the $1.
In a document sent to the United States Court Of Appeals for The Second Circuit, earlier on Monday, May 25, 2020, Telegram confirmed its final push towards offering its GRAM tokens has come to an end after withdrawing its appeal.
After a long-running battle with the U. S. Securities and Exchanges Commission (SEC), Telegram’s blockchain and crypto project, TON and Grams, is officially over according to a post by CEO, Pavel Durov.
Telegram’s blockchain project, TON, has experienced several delays, due to the regulatory friction with the SEC and just recently postponed its launch indefinitely as all its efforts to convince the regulators did not go as planned.