2020-6-27 00:00 |
Telegram is one of the companies that saw its token sale being investigated by the SEC. It now seems both parties have come to an agreement to settle this matter once and for all.
The SEC has been on Telegram’s case for some time now.
SEC – Telegram Spat is Finally OverIts TON token sale has been of great interest.
Following a lengthy court struggle, it now seems that the matter can be put behind us.
Telegram will take the responsibility for the full $1.22 billion disgorgement.
A fee by the SEC has been levied as well to the tune of $18.5 million.
For Telegram, it is also pertinent to notify SEC officials if a new digital currency will be issued in the next few years.
Based on the current sentiment, a new digital currency seems rather unlikely.
The fee has to be paid within 30 days.
Investors who bought the TON token need to be reimbursed as well over the next four years.
With all of this out of the way, it remains to be seen how investors feel.
It is likely that some of them will take legal action against Telegram in the months to come.
This issue is far from fully over, that much is certain.
Image(s): Shutterstock.com
The post Telegram and the SEC Settle on a $18.5 Million Fine appeared first on NullTX.
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