Telegram and SEC Crypto Debate Continues

Telegram and SEC Crypto Debate Continues – Emerging Tech

Both the Securities and Exchange Commission and messaging app Telegram filed motions for summary judgment in the ongoing securities fraud case concerning Telegram’s initial coin offering (ICO) as it pivots from messaging to cryptocurrency. In October, the SEC filed a complaint stating that the $1.7 billion that Telegram raised from its ICO was an unregistered securities sale.