Telegram May Push TON Launch Date Before Facing SEC
After coming under fire from the United States Securities Commission (SEC), Telegram has allegedly informed its investors that it will postpone launching its Telegram Open Network (TON).
According to Cointelegraph, on Oct. 16th Telegram sent a message to its investors saying it wants to push the launch from the previously set late October 2019 to April 30, 2020.
As the GRM Token assets could be resold by the accredited investors, the SEC interprets Telegram’s actions as a violation of the exemption. The SEC made their issue known in a public complaint which put forward the allegations of Telegram’s and Ton’s failure to register the GRM tokens as a security.
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