How far can a preliminary injunction from an American court reach? The answer to that question is everything for Telegram’s embattled TON blockchain project.
TON has been under legal fire since shortly after the SEC became aware of its token sale. The drama is ongoing as recently as this week, when a federal district court judge issued a preliminary injunction against Telegram for its ten-figure initial coin offering. The allegation is that Telegram’s GRAM token, operating on the TON blockchain, was illegally being sold as a security, and the judge effectively took the SEC’s side on the case.
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