SEC Commissioner Hester Peirce has unveiled her proposal to implement a "safe harbor" for crypto startups, allowing them a three-year grace period after their initial coin offerings to achieve a level of decentralization sufficient to pass the Howey test.
Telegram’s victory in court over the Securities and Exchange Commission Monday wasn’t much of a victory. In fact, it could prove to be the undoing of its planned Telegram Open Network blockchain platform and gram cryptocurrency. The simultaneous announcement that it won't integrate gram payments into its Telegram Messenger platform signals a recognition that its fight to keep the $1.7 billion in gram tokens it sold in 2018 from being declared a security is faltering.
The Securities and Exchange Commission doesn’t understand cryptocurrencies, is unfair, and is out of touch with what its own commissioners are saying in public.
In the wake of a lawsuit by the U.S. Securities and Exchange Commission, messaging service Telegram told backers that it would likely postpone the public launch of its Gram token.