https://www.sec.gov/news/press-release/2019-212
What detrimental effect would this have on other firms using their existing tools/software which are widely used and are then used to offer tokens to their massive user base?
Do you think this is just nit-picking by the SEC or do you think these are real concerns and not just technicalities which resulted in them halting the token sale?
What do you think Telegram should do next?
What detrimental effect would this have on other firms using their existing tools/software which are widely used and are then used to offer tokens to their massive user base?
Do you think this is just nit-picking by the SEC or do you think these are real concerns and not just technicalities which resulted in them halting the token sale?
What do you think Telegram should do next?
Definitely nitpicking by the SEC and while I'm not one to push or agree with conspiracy theories, the timing - so close to TON's distribution by the end of the month - smacks of ulterior motives. It seems to also follow the ongoing Facebook/Libra saga in which we have an influential, social media company issuing crypto that's bound to have far-reaching networking effect. However, this is one case I feel they're bound to lose because Telegram has been very tight-lipped about development, token issuance, and even any marketing of any sort that could result in that "only speculation, no utility" argument these agencies love to use.
Worst case scenario, settlement agreement.
