The SEC asks the court not to grant an application Telegram
The Commission on securities and stock exchanges of the USA does not consider sufficient obligation who are willing to take on Telegram Group Inc. regarding the postponement to a later date of the launch of its blockchain platform TON, and suspend for five months of operations for the cryptocurrency Gram. The regulator insists that the court should establish appropriate bans to the end of the proceedings.
This is evidenced by documents received on Thursday in the electronic database of the Federal court for the southern district of new York.
The Commission emphasizes that the Telegram believes the proposed terms are unacceptable. ""The practical effect of the proposals of the defendants is that they would be able to commit crimes in five months, and saddled the Commission with the need to get new court orders to ban"" the document reads.
Representatives of the regulator also believe that the Telegram did not offer convincing arguments to refute the allegations of the Commission regarding the fact that Gram should be considered "securities" and not cryptocurrency. The regulator filed the claim insists on this view and emphasizes that Gram should apply the securities legislation.
https://tass.ru/ekonomika/7015142
#TON #crypt #courts
This message was automatically forwarded and translated from @tginfo using Yandex
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The Commission on securities and stock exchanges of the USA does not consider sufficient obligation who are willing to take on Telegram Group Inc. regarding the postponement to a later date of the launch of its blockchain platform TON, and suspend for five months of operations for the cryptocurrency Gram. The regulator insists that the court should establish appropriate bans to the end of the proceedings.
This is evidenced by documents received on Thursday in the electronic database of the Federal court for the southern district of new York.
The Commission emphasizes that the Telegram believes the proposed terms are unacceptable. ""The practical effect of the proposals of the defendants is that they would be able to commit crimes in five months, and saddled the Commission with the need to get new court orders to ban"" the document reads.
Representatives of the regulator also believe that the Telegram did not offer convincing arguments to refute the allegations of the Commission regarding the fact that Gram should be considered "securities" and not cryptocurrency. The regulator filed the claim insists on this view and emphasizes that Gram should apply the securities legislation.
https://tass.ru/ekonomika/7015142
#TON #crypt #courts
This message was automatically forwarded and translated from @tginfo using Yandex
source
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