The US Securities and Exchange Commission SEC and the messenger app company Telegram, are again in controversy as the Yankee authority "said that for now they tokens GRAM, worth nothing than donuts".
To understand this case, remote from last year when the Regulators authorities SEC, stopped the launch of the platform TON Blockchain from Telegram, accusing the Firm to conduct an unregistered ICO sales of their GRAM token worth $1.7 Billions.
Now, to fortify the cause against the instant messenger Company, the authority argue that "Telegram promised to deliver the GRAM token to an Exchange and until now, the Firm isn't accomplished that, and the token worth nothing than 🍩 and that promise to investors was a part of the deal made by the company with the initial investors that purchased the asset, in a promise to get them when launching the TON network.
So For SEC, The Telegram isn't following up their rules and continue to play consonant they own rules, not even respecting their initial investors delivering the crypto to an exchange, as they promised.
This is a battle that won't end that soon as two parties are not seeing to want to find a solution to that challenge, and who will actually suffer with this behaviour are the Investors, who now wanna see some movement surrounding their Investment, and see also the launch of TON network from Telegram.
Let's see what Telegram will say next!
Republished Article Original found at Uptrennd Platform From My Authorship Here.
