Attorney Telegram: SEC ban is unfounded, federal court should deny its motion to enforce full ban

In response to the U.S. SEC's request that the court reject Telegram's request to sell tokens to non-U.S. Investors, Telegram lawyers said that this violates the Supreme Court's ruling, which expressly limits U.S. federal law only to "securities listed on domestic exchanges Trading "and" Domestic Trading in Other Securities ". The SEC ban is unfounded. In addition, they asked the federal court to deny the regulator's motion to impose a full injunction, adding that Telegram's request was not "procedurally prohibited."