September 30, 2020

Gram release may be delayed for half a year

Gram release may be delayed for half a year

Telegram is seriously considering temporarily abandoning its plans to issue a Gram token due to problems with the SEC.

The launch of the TON platform is in jeopardy due to an injunction to sell and distribute the Gram token to the US Securities and Exchange Commission (SEC).

Although the company is not based in the United States,According to SEC, the company sold approximately 2.9 billion Gram tokens to a total of 171 investors, with about 1 billion of them bought by investors in the United States.

Next SEC lawsuit against Telegramscheduled for October 24 at the Southern District Court of New York. Until this date, Telegram is not going to make official statements. In parallel, Telegram is considering options for further developments. Among the options - an attempt to negotiate with the SEC and smooth out the situation. This will most likely mean that Pavel Durov’s company will have to pay fines for his mistake, as well as lawyers suggest delaying the issue of the coin for a period of 6 months to 1 year.

If this happens, investors will be verydisappointed. In the user agreement for the purchase of Gram, the interference of the authorities in the development of the project is classified as force majeure circumstances. This situation frees the creators of cryptocurrency from the need to return money to investors. This means that while the trial is going on, American investors will not receive any money or tokens.

According to the materials www.forbes.ru