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."
The Tezos Foundation announced on March 20 that it has entered into a settlement concerning a consolidated class action lawsuit worth $25 million.
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.
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.
