Ton has big problems?

[10c]

SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

[YuginKadoya]

SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

Pretty much Telegram will cut deal with TON Blockchain and pretty much the operation has come to a halt because SEC had filed a lawsuit against them, Well they can not fo much about it because SEC ordered it while TON had to extend the deadline instead of launching it October I think they will need time to resolve the matter to the Security Exchange Commission and SEC had put a restraining order to the messenger app telegram from launching TON,

I think what may happen next is out of the blue and we will await further news about the matter, Telegram wants to launch TON this October but the proceedings might need further time for a resolution over SEC, Worst case TON Blockchain project will just stop.

[lolgato1]

I think that SEC will not ban Telegram Network, but they will be fined, just as it happened with EOS cryptocurrency.
If this happens, then it will show how stupid TON team is that they have not considered this problem. 

[JCviggen]

It seems to me that these are temporary problems of TON. sooner or later they will solve all problems with the SEC and the platform will begin to develop normally. as always investors just have to wait. Pavel Durov is very smart and he will find ways to launch the platform and get the maximum benefit from it.

[hatshepsut93]

I think it's the same as with Libra - governments don't want private companies to issue their own cryptocurrencies, because that's just a loophole to avoid getting all the permissions to start doing banking, which are very hard to get. To some people it would look like the old elites are trying to protect themselves from new competitors, to other t may look like the government tries to stop big companies from getting too powerful, but either way crypto community shouldn't worry too much, because it's only centralized coins that are under fire now.

[asriloni]

A big chance for telegram network to be cancelled, Remember telegram was facing the different case from libra. Libra is not yet issuing its token and raised the money and that's why SEC is giving a little sanction to the LIBRA to cancel its project. TON is facing a different story, telegram has already raised the money, remember some people have already brought telegram to the serious problem.

The future of telegram will depend on the first hearing in the 24th october. I think it has a big chance for telegram to be brought to the court. This will be a very long journey like what has already happened with KIK.

[tsaroz]

SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

SEC have restrained most of the ICOs and TON is no surprise. But SEC's restrain has not stopped people and even the US citizens from investing on such project. Some do make it difficult implementing KYC but the US citizen can in one way or other be involved in. SEC can't stop P2P deals and tradings.

[Tipstar]

SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

SEC have restrained most of the ICOs and TON is no surprise. But SEC's restrain has not stopped people and even the US citizens from investing on such project. Some do make it difficult implementing KYC but the US citizen can in one way or other be involved in. SEC can't stop P2P deals and tradings.

They are just looking for some bribe. SEC clearly knows they can do nothing other than threatening projects with lawsuits. It's easier to comply to restrict US users than to provide them a bribe. But if you are really interested, some bucks would make your project legal. I know TON would never go with bribing them as they stand for freedom of speech around the world.

[pishite]

SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

There is a high probability that telegrams will suffer the same fate as Libra, the us government does not want to lose control of the money.
The best option for Pavel is to try to launch a project in Venezuela or Japan, in these countries there are more chances for such startups.

[target]

Didn't they raise a TON of money?

It will just be a battle for them til finally the regulators give up and they can just give a load of cash for them like blockone did. All these hears can be cancelled and they can talk about money without even papers to sign.  I really think that if this isn't overlyhyped, the projects wouldn't be checked by SEC at all.

[NathanJB]

SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

TON has tons of problems. LOL. But this is only in the US since the country is really unfriendly to crypto right now. I can see that they are getting worse day by day. The SEC seems to be eyeing with extreme hatred existing and prospective crypto projects. With what they are doing right now, suing crypto companies and projects left and right, they are only driving development away from their jurisdiction.

[tenakha]

What will happen next?

Honestly, I do not know what the decision will be but we do not have much to lose. The entire crypto community already supports TON. It is hard to know what the SEC thinks but they are probably old fashioned. Anyway even if the decision is contrary to TON, it will give the money back to US citizens, and the 1 million GRAM sold to them can be resold so there is no SEC to deal with.

[CryptoBry]

SEC did not satisfy the conditions proposed by Telegram to postpone the launch of the TON blockchain platform and the suspension of operations with the Gram digital currency for 5 months.

The SEC insists on a restraining order for the rest of the proceedings.

The first hearing will be held on October 24.

What will happen next?

Pretty much Telegram will cut deal with TON Blockchain and pretty much the operation has come to a halt because SEC had filed a lawsuit against them, Well they can not fo much about it because SEC ordered it while TON had to extend the deadline instead of launching it October I think they will need time to resolve the matter to the Security Exchange Commission and SEC had put a restraining order to the messenger app telegram from launching TON,

I think what may happen next is out of the blue and we will await further news about the matter, Telegram wants to launch TON this October but the proceedings might need further time for a resolution over SEC, Worst case TON Blockchain project will just stop.

I am also sure that soon there can be a good deal for Telegram's TON. TON will be slapped with a million-dollar fine and maybe do some cosmetic changes to the project...and then everything will be good. I am estimating that Telegram has to shell out more than $20 million dollars as penalty for accepting investments from the USA citizens without full permission and coordination with the SEC.

This has become normal with SEC just like what happened to Block.One (operator of EOS). This is one governmental regulating agency that has become very powerful and influential with the cryptocurrency space in the said country and a project planning to get involved with the country's huge market must make sure it gets the nod of the agency first before proceeding, otherwise all hell breaks loose.

And I am the wondering: Is SEC just doing its legal job or is it already overstretching its arms and reach?

[ecnalubma]

Who is Ton’s fan here anyway? Yet a multi billion project but fail to comply with US regulations thats funny. Its their neglect to commit the US rules now they are facing this big issue which could have been prevented before their full launch.

[jossiel]

What will happen next?

Let the hearing happen and the court decide first. We can't be the one to assume what should happen first. Guessing something that lies in the hands on the court and is already there, let it be finished first.

Who is Ton’s fan here anyway? Yet a multi billion project but fail to comply with US regulations thats funny. Its their neglect to commit the US rules now they are facing this big issue which could have been prevented before their full launch.

I'm not but for sure there were investors here that are hoping to make money with them. But an unexpected thing happened of being stopped by the SEC. They should see this coming or they should prepared it even before.

[jostorres]

Who is Ton’s fan here anyway? Yet a multi billion project but fail to comply with US regulations thats funny. Its their neglect to commit the US rules now they are facing this big issue which could have been prevented before their full launch.

This is part if the authoritarian government that we are talking of, I would not blame them for defiling the order of the sec not to launch TON yet because if they had listened, believe me that the project will not be launched until 10 years’ time, since the sec are acting as enemy of progress to the development of cryptocurrency, so I don’t want us to be supporting them anyhow.

We have been clamoring for the approval of ETF for a very long time now and we can see how they have been dribbling us on this issue, but when it comes to running after ton and other projects, they are very fast in making decision. This is hypocrisy of the highest order; they are just working with the Government to frustrate the growth of cryptocurrency and nothing more.

[DU18]

It seems like now tons have many problems so there will be a delay in the official launch of the token ton, especially now sec has stopped the sale of tons to the public officially and of course this will have a negative impact on investors from America, maybe sec to do this so that a token ton circulation in the United States can be limited so that later the price of tons in the American market will be experienced price stability when tons of tokens can later be traded officially on the American market exchange.

[lionheart78]

I think that SEC will not ban Telegram Network, but they will be fined, just as it happened with EOS cryptocurrency.
If this happens, then it will show how stupid TON team is that they have not considered this problem. 

This is possible, I think SEC will get the best  out of TON controversy.  Aside from displaying their power and influence they are able to get a huge sum of money out of their target company.  Very brilliant!  And I guess TON will settle and fix the problem right before it can bring TON project down.

[DaMut]

It seems like now tons have many problems so there will be a delay in the official launch of the token ton, especially now sec has stopped the sale of tons to the public officially and of course this will have a negative impact on investors from America, maybe sec to do this so that a token ton circulation in the United States can be limited so that later the price of tons in the American market will be experienced price stability when tons of tokens can later be traded officially on the American market exchange.

I do not think this will bring a negative impact to USA investors because crypto-based funding is restricted there, we have seen many projects restricted USA investors to join their sale because of their regulation.

Who is Ton’s fan here anyway? Yet a multi billion project but fail to comply with US regulations thats funny. Its their neglect to commit the US rules now they are facing this big issue which could have been prevented before their full launch.

I have read an article saying they had sent a few letters regarding their sale and regulation before running the sale but SEC did not answer their letter at all. The problem here is SEC does not put a clear line regarding cryptocurrency.

[Febo]

I think that SEC will not ban Telegram Network, but they will be fined, just as it happened with EOS cryptocurrency.
If this happens, then it will show how stupid TON team is that they have not considered this problem.  

It is different because EOS ICO happened already, TON not yet. So there is no fine to pay since they did nothing wrong yet. They just need follow the SEC rules when doing the ICO.