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Securities and Exchange Commission v. Telegram Group Inc. et al

  1. June 25, 2020

    Telegram Agrees To Pay SEC $18.5M To End Offering Claims

    Encrypted messaging company Telegram Group Inc. has agreed to pay an $18.5 million civil penalty to end U.S. Securities and Exchange Commission allegations it conducted an unregistered digital asset securities offering, the federal regulator told a Manhattan judge Thursday.

  2. June 18, 2020

    Judge Shields Telegram Investor Names And Bank Records

    A New York federal judge on Wednesday granted most, but not all, of the requests for permanent redaction in a U.S. Securities and Exchange Commission suit aimed at stopping an allegedly illegal digital asset securities offering by encrypted messaging company Telegram Group Inc.

  3. May 15, 2020

    Telegram Saga: A Road Map For Future ICOs?

    Telegram Group Inc., the global messaging service that sports hundreds of millions of users, has entirely pulled out of its own digital asset project for which it raised $1.7 billion, providing the hints of a road map for how future digital coin offerings can avoid the ire of the U.S. Securities and Exchange Commission.

  4. April 03, 2020

    Telegram Order Raises Questions About Crypto Fundraising

    The highly anticipated order in the SEC's case against Telegram Group Inc. has added some clarity to the application of securities laws to digital token offerings, with attorneys saying the commission's initial win might nudge blockchain companies to consider different types of fundraising options.

  5. April 01, 2020

    Telegram Cannot Narrow SEC's Injunction, Judge Rules

    A New York federal judge has ruled that Telegram cannot narrow a preliminary injunction prohibiting the messaging company from distributing its Gram digital tokens, saying the injunction applies to all purchasers, even those outside the United States.

  6. March 30, 2020

    SEC Slams Telegram's Bid To Relitigate Coin Offering Order

    Blockchain company Telegram on Friday asked a federal judge in New York to clarify whether a preliminary injunction the company is subject to applied only to U.S. sales of its Gram digital tokens — and the U.S. Securities and Exchange Commission responded to that question swiftly, accusing the company of trying to relitigate the question.

  7. March 24, 2020

    SEC Wins Bid To Halt Telegram $1.7B Coin Offering

    A halt on Telegram's $1.7 billion initial coin offering will continue after a New York federal judge granted the U.S. Securities and Exchange Commission a preliminary injunction Tuesday blocking the messaging company from distributing its Gram tokens to investors.

  8. March 09, 2020

    Telegram Notes Calif. Order As It Awaits Decision On Grams

    Telegram Group Inc. has told a New York federal judge that a recent California state court order mirrors its position that its Gram tokens are not securities, as a decision in the SEC's case against the messaging platform is eagerly awaited.

  9. February 19, 2020

    Telegram's $1.7B Grams Offering Remains On Pause

    The cryptocurrency world will have to wait for an adjudication as to whether Telegram's digital assets, Grams, are securities after a New York federal judge extended an existing stipulated injunction against Telegram at the conclusion of a Wednesday hearing and declined to rule on the merits of the case.

  10. February 18, 2020

    Telegram, SEC Lock Horns In Court Over $1.7B Token Offering

    A New York federal judge is set to hear Wednesday from Telegram that its digital token sale should be allowed to move forward as the SEC seeks to further block its $1.7 billion offering, in a case fintech lawyers say is likely to prove seminal in the body of case law impacting digital assets.

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