Telegram Token GRAM of SEC-criticism overshadowed
That telegram Coin would come sooner than Libra of Facebook, seemed safe. Problems with the SEC could, however, provide for a longer delay.
SEC holds previous investments for illegal
That the Messenger service Telegram is planning a private ICO, had the company beginning in 2019 through. We reported on the crypto-Token that is stuck in the preparation phase. In the middle of this year, more news followed around a possible price of the Coins that will listen to the obvious name of GRAM. Currently, the service providers Telegram responding to the rather negative reports about alleged problems in the framework of the regulation. The reason is that From official side, there had been criticism. Because, supposedly, the previous Token sale was not legal. The author of the critical messages to the American Securities and Exchange Commission, the securities trading policy, the competent stock exchange Supervisory authority was probably.
Legal clarification prior to further ICO-realization
On the part of the authority it was said that the Token sale has been determined with a total revenue of around 1.7 billion USD illegal. This is the development Department in the home of the Telegram Open Network (TON) is now called on the Plan. Your investors is expressed in the home SOUND, we have been waiting for one and a half years to a clear opinion of the authority. On 24.10.2019 it is now come to court to resolve any ambiguities. Telegram wants to leave no stone unturned to ensure a satisfactory problem solution. Conceivably, a shift of the actual GRAM-issue on the normal market now seems. The injunction of the SEC is currently an obstacle. Also, because the SEC actions relating to a number of renowned lenders, including the company’s “Lightspeed”.
SEC itself is the subject of intense criticism because of slow work
Telegram respond critically to the SEC votes. The authority will not be active and open-minded enough when it comes to the regulation of the crypto sector. It is not just your own project. Also in the upcoming ICOs such as Facebook Libra and Coins from Ark to Zcash supervision in the opinion of many critics, can be a lot of time. This opinion, a number of representatives of the US Congress are, in fact, also for a long time. A Letter to the SEC Chairman, called recently for the creation of clear rules to digital currencies such as Bitcoin, exchanges, Wallets and other crypto services. For GRAM-prospects it remains for the time being so exciting. What is the reaction of the SEC and what will be the outcome of the legal evaluation at the end of the month? To know: Recently, the SEC had granted until the Bitwise-Plan a Bitcoin ETF a cancellation.
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