Telegram plans to postpone the launch of its cryptocurrency after SEC obtained restraining order to stop Token sale in the US. The SEC claims that the company sold unregistered securities. Telegram has responded to a recent court order by the SEC in a letter to investors in its token sale.
The platform told its token investors, they are surprised that the SEC chose to file the lawsuit. However, Telegram has tried to communicate with the regulator and solicit feedback over the past 18 months regarding its TON blockchain project. Telegram is telling its investors that it will Pause for some time to receive more clarity on the legal status of the TON project.