Telegram Asks Court to Deny SEC’s Action, Says Gram Is Not a Security by tapeworm16

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· @tapeworm16 ·
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Telegram Asks Court to Deny SEC’s Action, Says Gram Is Not a Security
<center><img src='https://images.cointelegraph.com/images/740_IGh0dHBzOi8vczMuY29pbnRlbGVncmFwaC5jb20vc3RvcmFnZS91cGxvYWRzL3ZpZXcvN2U1MWNjYmEzNmJkMWI2OGIyZTRkZmRmNDdmMDdlYWYuanBn.jpg' alt='Shared From Dlike' /></center>  

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 <p>The battle between Telegram and the SEC entered the courts today.</p><p>The company moved to have the case thrown out claiming the Gram, the cryptocurrency of Telegram, is not a security.</p><p>This goes counter to what the SEC is asserting. &nbsp;The regulator is trying to get all ICOs listed as securities, hence putting them in the category of being illegally sold.</p><p>The agency claims it is trying to protect the small investor but it really is looking to maintain the status quo for Wall Street.</p>  

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