Telegram will end support of Telegram Open Network (TON) Blockchain test network. The remaining TON validator will be off within August 1st.
After previously blocking the SEC from accessing all the documents, a U.S. court has now ordered Telegram to provide its bank records to the commission.
A New York court has denied a request by the United States’ securities regulator SEC to make Telegram reveal its bank records.
US SEC said that Telegram refused to share the ICO financial report of its token sale. The SEC requested Telegram to provide documents.
Telegram has asked the court to dismiss the US SEC Allegations Against Gram Cryptocurrency. Telegram postponed the launch of cryptocurrency Gram.
SEC accuses Telegram of selling unregistered securities. The messaging companies, however expains why its Gram tokens are not securities.