Opinion: The Telegram hearing will help clarify whether its ICO violates securities rules and may affect the entire industry

According to Decrypt, Telegram will face off against the SEC on Wednesday (February 19), which claims that the $ 1.7 billion raised by Telegram for Ton from investors is an unregistered securities offering and is therefore illegal. The hearing will help clarify whether Telegram's ICO violates securities rules. If the court makes a ruling, this could affect the entire industry, especially other companies that raise funds through token sales. If the court finally decides in favor of the SEC, Telegram may have to pay huge fines and even have to repay investors $ 1.7 billion. If the court decides that Telegram will win, Telegram will eventually be able to launch its network. Lawyers don't expect the court to make a decision at the hearing, but the hearing will move things forward.