Blockchain Groups Ask To Weigh In On $1.7B Telegram Case

Law360 (January 21, 2020, 10:14 PM EST) -- Two amicus briefs were filed Tuesday in the U.S. Securities and Exchange Commission's case against messaging app Telegram by industry groups focused on blockchain and digital assets, urging a New York federal judge not to rule with too broad a brush on the question of whether the company's digital tokens are securities.

The Chamber of Digital Commerce and the Blockchain Association both asked the court if they could weigh in on the SEC's case against messaging application Telegram Group Inc. in motions that included their proposed briefs. U.S. District Judge P. Kevin Castel of the Southern District of New York is presiding over the case...

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