SEC Telegram Injunction Is A Wakeup Call For Token Investors

By Michelle Gitlitz, Richard Holbrook, Jorge Pesok and Kayvan Ghaffari ( April 21, 2020, 6:21 PM EDT) -- March 24, Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York potentially dealt a major blow to the Simple Agreement for Future Token framework by granting the U.S. Securities and Exchange Commission's request for an injunction against Telegram Group Inc.'s and TON Issuer Inc.'s planned $1.7 billion Gram token distribution and follow-on sale....

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