Judge temporarily holds U.S. SEC preliminary ban on TON, decision in case pending April 30

At the hearings against TON and Gram, Telegram lawyer Alexander Drylewski said that the US SEC's Howey test is not applicable to digital assets, unless management supervision of these assets is promised, which means that when the TON blockchain starts, Gram will No longer a security. In the end, Judge Castel retained the US SEC's preliminary ban on Telegram's TON and assured Telegram's lawyer Drylewski that the case would reach its verdict by April 30.

Earlier news, at the end of October last year, Telegram officially confirmed that the deadline for the launch of TON was extended to April 30 this year.