Telegram asked court not to extend Gram ban to non-US investors

Following the filing of an appeal against the court's decision to ban the distribution of Gram tokens, Telegram's lawyers asked the courtto clarify its scope, according to Finance Magnates.

Representatives of the messenger believe that the decision onThe ban imposed by Judge Kevin Costel deals solely with U.S. Gram investors. According to them, we are talking about less than 30% of the funds received during the token sale.

Since most of the contracts were concluded with non-US investors outside the United States, the Gram issuer again questioned the SEC's authority in this case.

"The defendants respectfully request clarity as to the scope of the injunction.Specifically, that the order does not apply to sales contracts entered into by defendants overseas with non-U.S. investors in a private placement not subject to U.S. securities laws,"- the statement says.

Recall that despite the fact that Telegram challenged the court decision on a temporary ban on the distribution of Gram, some investors said they were ready to leave the project and collect their funds.