Telegram Asks Court to Dismiss SEC Lawsuit Against Gram Cryptocurrency

From cointelegraph.com

Encrypted messaging service Telegram has asked the New York Southern District Court to throw out accusations by United States regulators that its in-house cryptocurrency is a security. In a fresh filing on Nov. 12, Telegram’s lawyers did not mince their words as they accused the U.S. Securities and Exchange Commission (SEC) of abandoning just practice in its criticisms. The SEC had previously argued Telegram was engaging in the sale of unregistered securities when it sold its GRAM tokens to vetted investors. Despite the pressure, investors rejected a refund of money paid. The filing claims about the SEC: ... (full story)