Alexander Nadmitov, Managing Partner of Nadmitov, Ivanov and Partners, gave a comment to Vedomosti newspaper on the lawsuit filed by the American Securities Market Commission (SEC) against Telegram in the federal court of the Southern District of New York.
"Telegram explains why Gram cannot be considered a security," says Alexander Nadmitov, managing partner of Nadmitov, Ivanov and Partners: the tokens, according to the company, do not give the right to a stake in Telegram and related companies, and the company itself does not guarantee investors receiving In response to the regulator's claim about the formation of a secondary market for Gram before the launch of TON, Telegram says it has made efforts to stop the resale of Gram. For example, it took from investors that they would not directly or indirectly resell the cryptocurrency until the official The company also notes that on January 21, 2018, that is, even before attracting investments for the creation of TON, Durov urged on his Twitter to report on offers to buy Gram received from third parties.But even if speculative trading subsequently took place, it not enough to classify Gram as a security, since their price after the launch of TON will depend from market factors, and not from the actions of Telegram, Nadmitov cites the company's arguments ... "The full text of the article can be found at https://www.vedomosti.ru/technology/articles/2020/01/17/820816-sec- telegram
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