SEC Goes Head-to-Head With Telegram

Subject: SEC Goes Head-to-Head With Telegram Sun Jan 26, 2020 7:20 pm

Earlier this week, the Chamber of Digital Commerce went ahead and filed an amicus brief for the ongoing court hearing taking place between Telegram — one of the world’s most widely used encrypted messenger services — and the United States Securities and Exchange Commission.
In its most basic sense, an amicus brief is a legal document that provides non-litigants with the right to submit their views and opinions in relation to an ongoing case for the court’s consideration. The brief was authored on behalf of the CDC by Lilya Tessler, a partner and the New York head of Sidley Austin LLP.
Similarly, another brief filed by the Blockchain Association on Jan. 21 appears to be in clear support of Telegram. The association’s brief explicitly opposes the SEC’s move to block Telegram from delivering its native crypto tokens, Grams, to the early investors who participated in its initial coin offering. As part of its central argument, the independent body states that the purchase agreements offered by Telegram were designed to fully comply with the SEC’s existing securities rules.

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SEC Goes Head-to-Head With Telegram 1480_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8wZGYzN2VkMWQ4MGViYTcyNjhhZGY0OWJmOGExODlhYS5qcGc=

CDC argument in a nutshell

https://cointelegraph.com/news/sec-goes-head-to-head-with-telegram-makes-a-guinea-pig-of-ton
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SEC Goes Head-to-Head With Telegram

CDC argument in a nutshell

SEC Goes Head-to-Head With Telegram

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