September 26, 2022

Telegram founder Pavel Durov testifies against SEC in January 2020

Telegram founder Pavel Durov testifies against SEC in January 2020

The founder of the Telegram platform and the TON blockchain project, Pavel Durov, will testify against the Commission on Valuable US Securities and Exchange Commission (SEC). So, according to Coindesk, on Monday, Judge of the District Court of the Southern District of New York, Peter Kevin Castel, signed the relevant document.

The hearing day is scheduled for January 7 or 8, 2020.of the year. The meeting place is not specified at the moment. Note that a month later a court session will be held on the case of the legality of the distribution of the project token. Recall that in October, the SEC accused Telegram of selling tokens, which, according to the regulator, are equivalent to unregistered securities. The commission ordered to stop the sale of tokens to American investors. At the time of the complaint, more than a billion tokens had already been distributed among American investors.

But according to representatives of the project, the chargesSECs are inappropriate, since the token has not yet been issued, and as it is issued, it will be either currency or a commodity. To reassure investors, the project management proposed to postpone the launch of the project. In turn, investors supported the proposal.