A federal judge blocked the sale, stating that the SEC had a “substantial likelihood of success” in its case against Telegram for allegedly breaking investor-protection laws when it sold US$1.7 billion in cryptocurrency. (The Wall Street Journal)
Skip to content
A federal judge blocked the sale, stating that the SEC had a “substantial likelihood of success” in its case against Telegram for allegedly breaking investor-protection laws when it sold US$1.7 billion in cryptocurrency. (The Wall Street Journal)
Talking point: Telegram argued its sophisticated venture capitalist backers—including SoftBank Group and Silicon Valley-based Kleiner Perkins Caufield & Byers—made it exempt from oversight. The SEC has devoted much of its cryptocurrency enforcement to relatively small players perpetuating alleged scams. The success in the Telegram action comes one week after Waterloo-based Kik filed a motion asking for summary judgment in the SEC’s case against it. The SEC’s concerns with both Kik and Telegram are based on claims that both are essentially selling securities.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canada gets low returns from events like the World Cup. Ottawa wants to know why
Briefing
Nokia to spin out space communications business through Canadian SPAC deal
Ontario police aren’t reporting spyware use, senior privacy official warns
Magna founder Stronach found guilty of indecent and sexual assault
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
