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2020-06-29

Final of Telegram vs SEC case?

On 26 June, Judge Kevin Castel signed the final judgment in the SEC vs Telegram case, which will require the Telegram to return $1.2 billion to investors in their ICO for the failed Open Network Telegram. 

A final verdict was proposed yesterday. What has changed is the court's approval, putting an end to the legal drama that began with the SEC ordering the Telegram to stop the imminent distribution of GRAM tokens. 

How exactly the Telegram or any other potential ICO issuer could have appeased the SEC at this point remains an open and widely discussed question.