TON investors and developers set up a team to protect the project from the SEC

Investors and developers of the TON platform created the non-profit organization TON Community Foundation to managethe Telegram community and its defense in litigation with the SEC.

TON Community Foundation organizedTON Labs Communications Manager Fedor Skuratov. Today, the organization includes TON Labs, broker Da Vinci Capital, Atomic Wallet and Button Wallet developers, local developer and investor communities TON China and TON France, as well as several technology startups. Note that Telegram is not a member of this group.

On Friday, TON Community Foundation sentdocument to the District Court for the Southern District of New York, in which it stated that the project community already has more than 2,000 active participants, and the TON blockchain is in full operation and is ready for release. The only stumbling block to the launch of the platform is the SEC lawsuit filed against Telegram back in October.

The appeal also referred to the report.Brownice University professor Maurice Herlihy, in which he stated that there were no critical elements needed to run and secure the TON blockchain. However, according to the participants of the TON Community Foundation, these “missing” components do not play a decisive role, and their presence is not necessary to launch the platform.

Let us remind you that in January the companyTelegram has published a document with details of the consensus on the TON blockchain, called Catchain. Additionally, this month, a District Court judge for the Southern District of New York asked the US Commodity Futures Trading Commission (CFTC) to opine on whether Gram tokens are securities.

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