Coinbase Custody added Telegram’s GRM to its services recently. Regardless, the US Securities and Exchange Commission (SEC) has disputed the token’s legal status calling it a security. The SEC has already stopped Telegram’s token sale. The token sale raised over one and a half billion dollars ($1.7B) for the Gram token (GRM). The company had sold nearly three million GRM Tokens for its TON blockchain. The SEC has now taken issue with the offering stating that the ICO violates the Securities Act of 1933. If Telegram fails to deliver the tokens by the end of October, it will be forced
