Judge retains SEC motion, denies Telegram's defense of ambiguity in regulations

A U.S. federal judge has retained a motion by the Securities and Exchange Commission (SEC) to veto Telegram's defense of "ineffectiveness due to vagueness / lack of notice." On November 26, Judge P. Kevin Castel ordered the motion to be held for 14 days until the end of the proceedings of the proceedings. According to previous reports, the SEC declared in early October that Telegram's $ 1.7 billion GRAM token sale was illegal under U.S. securities laws. On November 12, Telegram filed a lawsuit with the US District Court for the Southern District of New York, asking the court to dismiss the SEC's suit against him. Telegram said the law does not adequately define the definition of "investment contract."