Telegram and the SEC asked the court to expedite consideration of the dispute on the cryptocurrency

The Commission on securities and stock exchanges of the USA and Telegram asked the district court of the state of new York to rule on their dispute in an expeditious manner, stated in the motions filed by the parties.

Position Telegram
According to Telegram, the decision to ban the production of Gram contradicts statements made by the SEC's desire to cooperate with the developers: "the regulator's Decision was criticized as legislators of the United States and one of the members of the SEC." The company also accused the SEC that the regulator failed to provide clear regulation in this area, and condemned her for the publication of the correspondence between the representatives of the Telegram and investors.

the position of the SEC
The SEC continues to insist that investors expect to earn on the resale of Gram to run TON, and the company Durova knew about the gray market. The SEC also accuses Telegram in selling tokens after the end of the collection investment.
And the main question: is Gram securities and, as a consequence, whether it's legislation on securities.

https://www.vedomosti.ru/technology/articles/2020/01/17/820816-sec-telegram

#TON #crypt #courts

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Pavel Durov two days interrogated in Dubai

The interrogation, which was held on January 7-8 in Dubai, really took place. The Bell found the transcripts — the document says that the actor two days in a row was explaining to the SEC lawyers how much money he spent on the Telegram and TON, why the ICO decided to spend much spent on equipment and why not consider Gram securities.

Durov's position during the interrogation was the fact that Gram — not a valuable paper and digital currency, and a large number of investors needed to Finance the purchase of equipment, and in order to ensure the sustainability of the future blockchain platform. Team TON, according to him, it was necessary to attract a sufficient number of investors in order to launch blockchain at least some of them could become validators, at least two dozen.

https://thebell.io/pavla-durova-dva-dnya-s-pristrastiem-doprashivali-v-dubae/

#TON #crypt #courts

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Digital chamber of Commerce will participate in a legal battle with the SEC Telegram

She wants to become an independent party in the case, which inform the court on the issues raised in the proceedings.

"We respectfully request that the Court confirmed that the digital asset is not a security solely because it is in digital form or registered in the database of the blockchain".

tginfo.me/battle-with-sec

#TON #crypt

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The SEC issued a new Memorandum, which refers to the doubt that the command of the messenger, in principle, prepared to launch the revolutionary blockchain in the form in which it was promised to investors.

In the new Memorandum, the regulator says: not the fact that TON, according to the developers, ready, because there's no proof. Moreover, even if something Telegram and ready, most likely, the product will not match the promises of the developers from white paper and other documents that are offered to investors. SEC this conclusion is made based on the opinions of experts.

Investors Telegram, spoke The Bell, I believe in the success of TON and are confident that the blockchain will be ready in time. That investors are not disappointed in the project, speak and vote, which Telegram held in October: the majority of individual investors and the funds agreed with the postponement of the launch in April and did not demand the return of their money.

https://thebell.io/sec-zasomnevalas-v-sposobnosti-telegram-zapustit-revolyutsionnyj-blokchejn/

Full version Memorandum in English document on @infotonen

#TON #crypt #courts

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SEC issued a new Memorandum

In it the regulator has expressed doubt that the command of the messenger, in principle, prepared to launch the revolutionary blockchain in the form in which it was promised to investors.

In the new Memorandum, the regulator says: not the fact that TON, according to the developers, ready, because there's no proof. Moreover, even if something Telegram and ready, most likely, the product will not match the promises of the developers from white paper and other documents that are offered to investors. SEC this conclusion is made based on the opinions of experts.

Investors Telegram, spoke The Bell, I believe in the success of TON and are confident that the blockchain will be ready in time. That investors are not disappointed in the project, speak and vote, which Telegram held in October: the majority of individual investors and the funds agreed with the postponement of the launch in April and did not demand the return of their money.

https://thebell.io/sec-zasomnevalas-v-sposobnosti-telegram-zapustit-revolyutsionnyj-blokchejn/

Full version Memorandum in English document on @infoton

#TON #crypt #courts

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Nicholas Durov told about the mechanism of validation units TON

In TON, no more than 100 validators for the main chain and from 10 to 30 for each sardhana. According to tests carried out in 2018, the block can be generated every five seconds, each time going through the process of full harmonization.

Read more: tginfo.me/ton-catchain-en

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Tomorrow, February 19, held a landmark hearing in the SEC case against the Telegram, which the Prosecutor will try to prove that TON is a centralized company that aims at a single goal – obtaining financial benefits.

Meanwhile, the developers and investors TON has created a non-profit organization THANK Community Foundation to manage the community and sent to a third party's opinion in U.S. court.

Read more about TON Community Foundation: tginfo.me/ton-foundation-en

#TON #crypt

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Blockchair launched a columnist for the Telegram Open Network (TON)

While Pavel Durov and the team Telegram Open Network defends the project before the American regulator, ecosystem project TON developing. So, the team Blockchair recently launched its Explorer to TON.

Blockchair.com platform to search for information about transactions and addresses in different blockchains. Blockchair allows you to search for transactions in the blockchain TON in a user friendly format. The service also offers API for TON for developers of applications and services.

The company previously released the reviewers for Bitcoin Cash and Bitcoin SV after their forks, then the prospect of these cryptocurrencies, as in the case of TON, was unclear.

Added browser TON commented on Edige Davletgaliev, head of research Blockchair: "the Problem of scalable cryptocurrency – the unsolved technical problem, which imposes restrictions on their distribution. The team has a TON of experience in the creation of two extremely high-loaded products: VK and Telegram, therefore, we see a TON of prospects. Legal issues are artificially created, nothing can stop technology".

Details about the new product at: blockchair.com/ton

#TON #crypt

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⚡The court extended restrictions on the sale of gram

In new York ended the court session on the case of SEC vs Telegram. The judge ruled to extend the existing restriction on the sale of tokens. Further decision in the case of TON/SEC postponed until April 30.

"a Temporary ban extended," — told judge Kevin Castel, considering the claim of the Commission on securities and stock exchanges of the USA to the Telegram. The judge said that he will determine later how long should the ban.

Judging by the comments of those present, decentralization to prove successful, but the court has doubts that the claimed capabilities TON correspond to the actual state of Affairs. According to those who were on the court, the judge Castell understands the blockchain and decentralization, and wants to understand the topic deeper.

#TON #crypt

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the court for the southern district of new York has banned the transfer of tokens Gram buyers

https://tginfo.me/ton-vs-sec-2-2/

#ton #courts

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