Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC).
Telegram, the messaging app company turned blockchain startup, has released an early desktop wallet for its crypto token.
Investors who bought the firm's gram token have agreed to accept an extended issuance date in the hope they'll still turn a profit.
Messaging app firm Telegram has made a new plea to a U.S. court to drop an action brought by the SEC alleging its token is a security.
A backer of Telegram's blockchain project asked Circle's Poloniex exchange to list the gram token before the SEC halted issuance, court papers show.
The messaging app company and the SEC will now meet next February to debate the regulator's claim the gram token is a security.