• Telegram token sale illegal
    Cryptocurrencies,  Regulation

    Court to Telegram: $1.7 billion gram token sale is likely illegal

    The Securities and Exchange Commission has a ‘substantial likelihood’ of winning an ICO test case against the messaging app firm’s planned sale of gram tokens for its TON blockchain

    A federal judge issued a preliminary injunction stopping Telegram's planned resale of $1.7 billion in gram tokens, saying it is "part of a larger scheme to distribute those Grams into a secondary public market."

  • Telegram's TON blockchain logo
    Cryptocurrencies,  Regulation

    Refusing to buckle to SEC, Telegram releases TON whitepaper

    The messaging app company is moving ahead with development of the TON blockchain the SEC is trying to kill

    Telegram has been locked in a fierce legal battle with the Security and Exchange Commission, which wants to block the company’s initial coin offering and halt the launch of its Telegram Open Network, or TON, blockchain.  But that hasn’t stopped the messaging app company from pushing forward with the technical details of its project. On Feb. 3, Telegram issued the latest version of its technical whitepaper for its TON blockchain—a key piece in actually launching its gram tokens and fulfilling the promises it made to its investors. 

  • Former CFTC Chairman Chris Giancarlo and SEC Commissioner Hester Peirce
    People,  Regulation

    Crypto Mom tells SEC to go easy on her ICO offspring

    SEC Commissioner Hester Peirce wants to give initial coin offering projects a three-year grace period before securities laws kick in

    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.