To follow up on the topic of the response, we must first address the accusations launched by the US Securities and Exchange Commission (SEC) earlier, which we discussed in the topic:

The US Securities and Exchange Commission (SEC) threatens the IPO of the cryptocurrency Telegram (TON)

According to a reporter disclosed in Source The Telegram management was surprised by the disappointment that the SEC chose to file a lawsuit threatening the Telegram currency, as the Securities and Exchange Commission (SEC) alleges that the company sold unregistered securities.

Telegram said they had repeatedly tried to contact the regulator (SEC) to comment on the TON blockchain project over the past 18 months.

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While in the lawsuit, the Securities and Exchange Commission said it asked Telegram to respond to an administrative subpoena, and Telegram refused to do so.

Accordingly, the Securities and Exchange Commission had no choice but to file the lawsuit, according to what it said.

So on Friday, the Securities and Exchange Commission sued Telegram and its subsidiary, TON Issuer, for selling unregistered securities last year.

The company has raised more than $1.7 billion in sales and promised to deliver the tokens by October 31, with not many left.
For now, Telegram is telling its investors that it will take a break in order to get more clarity about the legal status of the TON project and its “Gram” marks, according to the letter.

The company also said it was evaluating whether it needed to delay the launch of TON, which was originally set to be operational by October 31, 2019.

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Until then, we will provide you with any news about the issue, and on October 31, we will also raise an issue about whether Telegram will launch the “Gram” currency or will it postpone it.

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