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Telegram Faces Hearing on TON ICO this October 24

Published 10/14/2019, 07:00 AM
Updated 10/14/2019, 08:21 AM
 Telegram Faces Hearing on TON ICO this October 24

The Telegram ICO was just two weeks from releasing its TON (GRAM) tokens, after a long buildup of expectations. Then, the US Securities and Exchange Commission (SEC) moved in to announce the ICO was possibly an illegal sale of unregistered securities, with an order to stop activities related to the token sale and distribution.

The SEC took on Telegram as the next project in a long series of sanctions, where as much as 90% of ICOs were under threat for sanctions. A new hearing is scheduled for October 24, to discuss the legality of the token sale.

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This article appeared first on Cryptovest

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