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Carlton Fields Blockchain Attorney Andrew (Drew) Hinkes Quoted in Media on Telegram’s Delayed Blockchain Launch

Blockchain and Digital Currency   |   April 30, 2020

Carlton Fields blockchain attorney Andrew (Drew) Hinkes was quoted in Coindesk on the messaging app Telegram’s decision to postpone the launch of its TON blockchain. The delay follows a court battle with the U.S. Securities and Exchange Commission, which resulted in an injunction. Hinkes discussed the possible consequences of violating the injunction with a launch.

"If the Court finds that the injunction was violated (whether intentionally or otherwise) it has broad discretion to fashion a remedy that would either coerce compliance or compensate the party seeking to enforce the injunction, including fines and incarceration," Hinkes told Coindesk.

READ: Coindesk, “Telegram Caves to US Regulators: Delays Blockchain Launch, Offers to Return $1.2B to Investors

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