New documents filed by SEC in New York with additional details, stating the GRAM is indeed a security token. Even citing Shyam Parekh, a Telegram employee who told an accountant that "that the unnamed investor has the right to 72,835,916.68 Gram tokens". A bit messy to be honest, but let's see how Telegram will respond with all the allegations here.
I am sure that the outcome of this case will have bigger and far-reaching repercussions to the whole cryptocurrency industry as this can be the basis of future judiciary decisions on defining whether a token can be security or not. Telegram has the best opportunity to present all the legal arguments before the court that SEC is wrong on its conclusion that GRAM is a security token and therefore Telegram made legal mistakes in introducing such a digital asset to the public. Honestly, however, I am seeing that eventually the two sides on this legal maneuvering will be settling on a compromise.
