Express

Telegram Quits Court Fight With SEC Over The Gram Token

Ramsey Baker

Summary: Telegram has officially withdrawn its appeal against the U.S. Securities and Exchange Commission (SEC) injunction that prohibited distribution of the Gram token, according to court documents dated May 22. The move seems to spell the end for the company’s TON plans. Earlier this month, Telegram’s CEO Pavel Durov announced their “active involvement” with the project was ...

Telegram has officially withdrawn its appeal against the U.S. Securities and Exchange Commission (SEC) injunction that prohibited distribution of the Gram token, according to court documents dated May 22.

The move seems to spell the end for the company’s TON plans. Earlier this month, Telegram’s CEO Pavel Durov announced their “active involvement” with the project was done.

By Ramsey Baker

Last Update:

Tags: ,,,
Link: Telegram Quits Court Fight With SEC Over The Gram Token   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 10 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 17 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 21 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 23 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 27 days ago

    • You need to login to comment.