rtmark
LearnBonds.com

Blockchain Association Comes Out in Favor of Telegram in Ongoing SEC Lawsuit

Telegram is now being supported by the Blockchain Association in its long-running battle with the SEC. Long story short, the SEC is accusing Telegram of holding an initial coin offering without registering themselves with the company. The ICO was blocked by the SEC in October and worth $1.7 billion at the time.

However, there is more to the story. For a while, the encrypted application developer had been trying to contact the SEC about how they may proceed with their ICO. This sudden lawsuit surprised Telegram for sure, with the company stating at the time:

“We were surprised and disappointed that the SEC chose to file the lawsuit under these circumstances, and we disagree with the SEC’s legal position.”

Now, the Blockchain Association, an association of leaders and enthusiasts from all over the world concerning blockchain and cryptocurrencies, has filed amicus curiae in support of the company.

The Association, which is made up of 23 companies, goes into the fact that the blockchain is important and that big companies like Wal-Mart and Amazon are looking into it. The group then goes into the fact that the SEC has clarified that only Bitcoin and Ethereum are securities, though cryptocurrencies that are securities can also eventually become non-securities, depending on policy changes.

On top of this, the document goes into the fact that the SEC has done next to nothing in terms of regulatory clarity and working with cryptocurrency companies to create better regulation, and essentially that this lawsuit against Telegram is unfair. We’ll have to see how this proceeds as the year continues.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/