Breaking: US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt

CoinTelegraph

Disclaimer: This story is breaking and will be subject to updates.

The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering.

Per an Oct. 11 press release, the SEC has filed an emergency action and restraining order against Telegram and the Telegram Open Network (TON) in a complaint with Manhattan court.

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Author: Kollen Post


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