U.S. judge asks CFTC lawyer to advise on Telegram token sale case

According to CoinDesk, the judge of the Southern District of New York, Kevin P. Castel, has asked lawyers of the Commodity Futures Trading Commission (CFTC) on Thursday to provide advice on the US $ 1.7 billion Token Sale case filed by the US Securities and Exchange Commission (SEC). Proposed in writing. The main controversy surrounding this lawsuit is whether the cryptocurrency Gram of the Telegram TON blockchain is a security or a commodity. The SEC insists that Gram, which has not yet been issued, is sold to investors as securities in order to obtain future profits. The CFTC previously stated that cryptocurrencies like "Bitcoin" fit the definition of a commodity, but the agency did not comment on the sale of tokens like Telegram. In addition, Judge Castel ordered the first hearing of the case from February 18 to February 19, and the delay in another trial was the reason for his rescheduling.