🔴Telegram postponed the launch of its TON blockchain for a second time

🔻Telegram is offering to return up to 72% of each investor's stake. The terms were agreed upon when Telegram first postponed TON's launch in October, following a lawsuit from the U.S. Securities and Exchange Commission (SEC) charging Telegram with running an unregistered securities sale that raked in $1.7 billion in 2018.
The company lost an initial court battle with the SEC, with a U.S. judge ruling Telegram can't launch its blockchain or issue its forthcoming "gram" tokens until the case was resolved. Telegram floated another option for those investors who choose to forego their 72%: They can lend their investment to Telegram until this time next year.

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#blockchain

🟡 U.S. president Joe Biden has reportedly chosen MIT professor Gary Gensler as the chairman of the Securities and Exchange Commission, SEC. Gensler had previously served as the head of the U.S. Commodity Futures Trading Commission, CFTC.

#SEC #CFTC