Switzerland Softens Tone on Libra After Ex-President Says Project ‘Failed’
Switzerland's now-departed president said the project had "failed" in its current form.
The firm is alleged to have conducted a fraudulent and unregistered sale of digital assets called OPP Tokens, raising around $600,000.
The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.
The U.S. advocacy group has come out strongly on the side of Telegram in its ongoing SEC court case.