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On November 12, 2019, Telegram Group Inc. and TON Issuer (Defendants) filed a response to the U.S. Securities and Exchange Commission (SEC) complaint originally filed on October 11, 2019. Not surprisingly, Defendants deny all allegations in the SEC complaint.
According to the response, Defendants mainly rely on the following three arguments:
You can read my previous blawgs on this topic by clicking here, here, here and here.
Defendants make the following points in response to the SEC Complaint:
Defendants’ set forth the following Defenses
It will be interesting to see how this all unfolds because
it will answer many questions that exist from both practitioners and issuers in
this space. Please email me with questions or leave a comment below!