23.07.2021

Telegram Founder Durov Should Testify in SEC Case Much Gram Token: Judge

According to a manuscript signed by District Choose P. Kevin Castel inside New York Southern District Ct on Monday, Durov’s deposit should take place on Jan. eight or 8, 2020, during a location “agreed upon through the events. ” That would be a little more over a month before Telegram could be scheduled to meet the SECOND in court to fight the legal status generally the gram token, which the SEC considers an unregistered reliability.

Telegram’s founder and as well , CEO Pavel Durov, or even two other employees, might give testimony in the SEC vs . Telegram case, every judge has ordered.

Telegram vice president Ilya Perekopsky, who was reportedly responsible for communications with option traders during Telegram’s $1. 7 billion token pre-sales in 2010, should also be questioned regarding Dec. 16 in London, your current order states.

The third person listed supplying pre-trial testimony is Shyam Parekh, a Telegram raise who’s name was always on Telegram’s albhabets to lenders that were leaked after the SEC sued the company, one of the in many countries told CoinDesk. Parekh’s depositing will be held on Dec. 10, also in London.

The SEC sued Telegram in October, rigorous that the messaging app company’s blockchain project TON is halted and the tokens used on the project’s investors not possible be distributed. The regulator informed me Telegram woul flood a new U. S. market among unregistered securities and make these types of available to retail investors.

Telegram disagreed throughout the SEC, quarrelling that it efficiently registered the token retailing under Regulation D, as well as the token itself, once set, “will merely be a money or commodity, ” activity security. It has recently asked the court to drop the actual SEC action, rejecting with the allegations by the agency.

However , the company agreed to postpone the project’s commence, previously scheduled for the expire of October, until May, 2020, so the SEC lawsuit can be resolved. TON real estate investors approved the delay, through an offer of a partial guarantee.

The throw has been still been accelerating in the background, however , releasing one of the code for the TON blockchain nodes in early September additionally instructing the investors to get their public keys furthermore send them to the company for one’s scheduled gram token supply. The team has also released that desktop wallet app to suit grams, running so far on your its test network.

Several exchanges possess previously signaled their willingness to list grams, introducing Coinbase . According to court filings, a primary custody provider for h, Gram Vault, has also registered paperwork for listing the type of token on Poloniex .

Binance CEO Chanpeng Zhao (CZ) recently told CoinDesk he believed projects valuable Libra and TON are not to be stopped by regulatory on the.

The next Indiana court hearings on the legal matter have been signed for Feb 18–19, 2020.

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