Judge rejects Telegram's request to issue Gram tokens only to non-U.S. Investors

On Wednesday, New York Federal District Judge P. Kevin Castel has rejected Telegram's request to issue Gram tokens only to non-US investors. The judge said Telegram's claim that it could only issue tokens to non-U.S. Investor investors and to ensure that the tokens did not enter the hands of U.S. investors was not convincing, and Telegram did not actually explain how it could prevent secondary sales Nor did it explain how it could reasonably modify the Gram purchase agreement to set such restrictions (for US investors).