SEC Telegram Injunction Is A Wakeup Call For Token Investors

By Michelle Gitlitz, Richard Holbrook, Jorge Pesok and Kayvan Ghaffari (April 21, 2020, 6:21 PM EDT) -- March 24, Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York potentially dealt a major blow to the Simple Agreement for Future Token framework by granting the U.S. Securities and Exchange Commission's request for an injunction against Telegram Group Inc.'s and TON Issuer Inc.'s planned $1.7 billion Gram token distribution and follow-on sale....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.

A Law360 subscription includes features such as