According to the preliminary ruling, the U.S. District Court agreed with the SEC's reasoning thatTelegram sold unregistered securities and ordered the company to refrain from the planned token sale.
Opinion and order by ForkLog on Scribd
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Telegram asked the court to lift the ban on the sale of GRAM tokens
A court in the United States has extended the ban on the sale of Gram tokens by Telegram
U.S. court extends ban on selling Gram tokens
US SEC bans Telegram's Gram cryptocurrency
Telegram published Gram token wallet information
Telegram wallet for Gram tokens on Windows, macOS, Linux