SEC Calls Out Status of Telegram’s TON, Doubting Development

Telegram lawsuit update shows the SEC bashing TON’s blockchain development and lack of Gram token use cases. 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 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 […]
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