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Telegram ‘Loses Big’ Against SEC on Cryptocurrency Case – Is Kik and Hedera Next?

In the hearing yesterday, U.S. District Judge, P. Kevin Castel issues an injunction against the distribution Telegrams’ Gram token [TON]. The judge also notes that SEC has shown ‘a likelihood of success’ in proving that SEC tokens might be ‘securities.’ Preston Byrne, partner at Anderson Kill law firm notes, SEC v. Telegram motion for preliminary injunction: Telegram

In the hearing yesterday, U.S. District Judge, P. Kevin Castel issues an injunction against the distribution Telegrams’ Gram token [TON]. The judge also notes that SEC has shown ‘a likelihood of success’ in proving that SEC tokens might be ‘securities.’ Preston Byrne, partner at Anderson Kill law firm notes, SEC v. Telegram motion for preliminary injunction: Telegram