Pavel Durov summoned to American court over Telegram cryptocurrency - ForumDaily
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Pavel Durov summoned to American court because of Telegram cryptocurrency

Telegram founder and CEO Pavel Durov, as well as two other employees, are expected to testify in the case."Commission on Securities and Exchange (SEC) against Telegram." Writes about this Coindesk.

Фото: Depositphotos

According to a document signed by the district judge Peter Kevin Church in the Southern District Court of New York, the interrogation of Durov should take place on 7 or 8 on January 2020 of the year in a place “agreed by the parties”. A little more than a month before Telegram plans to meet with the SEC in court to challenge the legal status of the token Gram - Telegram cryptocurrencies.

Telegram vice president Ilya Perekopsky, who was reportedly responsible for investor relations during the pre-sale of the Telegram token for 1,7 billion dollars, should also be questioned on December 16 in London.

The third person presented for pre-trial testimony is Shayam Parekh, a Telegram employee whose name appears in investor documents, will be questioned on December 10, also in London.

The SEC sued Telegram in October, demanding that the TON project associated with the messenger blockchain be stopped and the tokens allocated to project investors not be distributed. The regulator said that Telegram floods the US market with unregistered securities and makes them available to retail investors.

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Telegram did not agree with the SEC, claiming that it correctly registered the sale of the token in accordance with the rules, and the token itself, as soon as it is issued, “will be just a currency or a commodity”, and not a security.

However, the company agreed to postpone the launch of the project, which was previously planned at the end of October, until April 2020. TON investors approved the delay, refusing to offer a partial refund.

However, the project was still developing in the background, issuing a code for the TON blockchain nodes in early September and instructing investors to generate their public keys and send them to the company for the planned distribution of tokens. The team also released a desktop gram wallet that is still in test mode.

Binance CEO Changpeng Zhao said he believes projects like Libra and TON cannot be stopped by regulatory measures.

The next hearing in New York is scheduled for February 18 – 19 on February 2020.

As ForumDaily wrote earlier:

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