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Telegram Issues Response On SEC's Injunction

Janelle Fox

Summary: Telegram has decided to fight back against the U.S. Securities and Exchange Commission (SEC) and issued a message responding to regulators about their cryptocurrency Grams. The message stated that the SEC’s emergency injunction was unwarranted and Telegram is asking for a federal court to deny the motion. Telegram also made it a point that it ...

Telegram has decided to fight back against the U.S. Securities and Exchange Commission (SEC) and issued a message responding to regulators about their cryptocurrency Grams.

The message stated that the SEC’s emergency injunction was unwarranted and Telegram is asking for a federal court to deny the motion. Telegram also made it a point that it is not a security therefore shouldn’t fall under the SEC’s jurisdiction.

By Janelle Fox

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