{"id":240869,"date":"2019-10-19T19:25:39","date_gmt":"2019-10-19T23:25:39","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=240869"},"modified":"2019-10-19T19:25:39","modified_gmt":"2019-10-19T23:25:39","slug":"telegrams-court-case-with-the-sec-begins-next-year","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/telegrams-court-case-with-the-sec-begins-next-year","title":{"rendered":"Telegram\u2019s Court Case With the SEC Begins Next Year"},"content":{"rendered":"

The case between mobile messaging giant Telegram and the United States Securities and Exchange Commission (SEC) over the formers GRAM token will get its day, next year.\u00a0<\/span><\/p>\n

According to a temporary restraining order filed on October 11, Telegram was initially supposed to be at a court hearing in New York on October 24. However, news medium Cointelegraph has reported that a new court order has stated that the hearing will be postponed to February 18 or 19, 2020.\u00a0<\/span><\/p>\n

\u201cIT IS ORDERED that Defendants shall not offer, sell, deliver, or distribute \u201cGrams\u201d to any person or entity, until the conclusion of the hearing scheduled by the Court for February 18 and 19, 2020 (\u201cHearing\u201d), except upon further Order of the Court or agreement of the parties. At the Hearing, any party may move the Court for the continuation or dissolution of this Order.\u201d<\/div><\/div>\n

SEC crushes GRAM launch hopes<\/span><\/h2>\n

As stated earlier, the entire case pertains to the launch of the Telegram Open Network (TON), a private blockchain network owned and controlled by Telegram, as well as the GRAM cryptocurrency token. A lot of anticipation has surrounded the launch of both concepts, and everything seemed set for their launch. According to an\u00a0<\/span>announcement<\/span><\/a> published by Telegram on October 2, the TON was to be launched towards the end of the month.<\/span><\/p>\n