TON Developers, Investors Back Telegram in SEC Fight
A new organization composed of TON developers and investors has filed an amicus brief supporting Telegram in its fight against the SEC.
Telegram has asked a court to clarify if it can still issue its tokens to non-U.S. investors after a preliminary injunction blocked the issuance in the U.S.
Developers are discussing ways to launch Telegram's blockchain without the messaging app company's participation, following a court order tying its hands.
A federal judge denied Telegram's request to issue Gram tokens to non-U.S. investors.
A Russian government agency has requested contractor bids to find ways to block censorship-resistant internet tech, including one blockchain: Telegram's.
In his first public comments on the case, federal judge P. Kevin Castel called on Telegram and the SEC to consider the "economic realities" of the case such as the gram token’s secondary market.