December 5, 2023

Pavel Durov will give testimony of the SEC about the cryptocurrency Telegram

Pavel Durov will give testimony of the SEC about the cryptocurrency Telegram

Telegram founder Pavel Durov and two company employees must appear to testify during the ongoingproceedings with the US Securities and Exchange Commission (SEC), CoinDesk writes referring to a document signed on November 25 by Judge Peter Kevin Castel of the Southern District of New York District Court.

According to the document, to testify DurovThe date will be selected on January 7 or 8, 2020 and the address agreed by the participants in the process. The main meeting at which the legal status of the Gram token will be decided is still scheduled for late February.

Also on December 16 in London should give evidenceTelegram Vice President Ilya Perekopsky, presumably responsible for investor contacts during the token sales. The third person called to pre-testify on December 10 in London is Syam Pareh, a Telegram employee, whose name is indicated in the documents for investors.

The SEC claimed Telegram in October,demanding to delay the distribution of Gram tokens in favor of their buyers on the basis that it will lead to an influx of unregistered securities into the US market, which may also be available to retail investors.

Telegram did not agree with the position of the regulator,emphasizing that he conducted his campaign in full accordance with the terms of the “D” provision, and the Gram tokens do not possess the signs of securities. At the same time, the developer of the blockchain project, with the approval of investors, agreed to postpone the launch of the project until April 2020 until the dispute with the SEC is resolved.