In the hearing yesterday, the judge in charge of the SEC vs. Telegram trial issued a decision against the distribution of GRAM tokens. The decision shows that the SEC has demonstrated “probability of success” in proving that GRAM tokens could be securities.
Telegram has promised investors the tokens following a $ 1.7 billion SAFT deal. The SEC supervisory authority sued the company for illegally selling securities. If the court decides they are securities, Telegram may have to return some of its money to investors.
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