Telegram (TON) project has been halted by SEC

[Davian144]

in my opinion they are very serious that the SEC chose a legal route to solve this problem. This emergency measure is intended to prevent Telegram from flooding the US market with digital tokens that we suspect are illegally sold.

In the US it is not completely legalized cryptocurrency, but I'm a little confused, is the name of the coin from the telegram is TON or GRAM? because I found two different discussions about the name of the coin from this telegram, did you know?

[EdenHazard]

in my opinion they are very serious that the SEC chose a legal route to solve this problem. This emergency measure is intended to prevent Telegram from flooding the US market with digital tokens that we suspect are illegally sold.

In the US it is not completely legalized cryptocurrency, but I'm a little confused, is the name of the coin from the telegram is TON or GRAM? because I found two different discussions about the name of the coin from this telegram, did you know?

TON Telegram Open Network

It's the blockchain network for telegram token which is called GRAM token.
They claimed that Telegram Open Network is the competitor of ethereum smart contract (of course everybody does these claims )

GRAM Token

It's a digital currency/cryptocurrency that will be used on the Telegram Open Network (TON)

TON is the network that runs GRAM cryptocurrency.

[johnbc]

Telegram raised 1.7 billion for TON. That's a huge amount.

The investors voted against the return of their fund, which is a sign that they, the investors, are confident that the project will reach an agreement with the SEC.

https://www.sec.gov/news/press-release/2019-212

Should we assume the project is dead?

I was about to reserve $500 worth of GRAM tokens on Crypterium or some exchange, but at this point i think it's not advisable.
What do you suggest ?

[prehisto]

" including more than 1 billion Grams to 39 U.S. purchasers"

This is impressive amount.
The TON team should have known better than to sell to US citizens. This is a rookie mistake, they just could excluded the US and went along with their offering.