The SEC claims that TON's delayed start-up plan is unacceptable

Earlier, Telegram informed investors that the TON blockchain project will postpone the launch plan, hoping to push the deadline from October 30, 2020 to April 30, 2020. "We originally planned to launch the TON network in late October. However, the recent US SEC lawsuit has made this timing impossible. We disagree with the SEC's legal position and intend to actively defend the lawsuit. We recommend extending the deadline to provide more The time to resolve the SEC litigation before the TON network started, and cooperate with other government authorities." In this regard, the SEC recently stated that the five-month delay was "unacceptable." In addition, the regulator pointed out that the arguments of Telegram that the Gram token was not a security were not convincing.