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Court to Decide if Telegram’s $1.7 Billion Crypto Deal is Legit

Blockchain and Digital Currency   |   February 3, 2020

Forbes quoted Carlton Fields blockchain attorney Andrew (Drew) Hinkes in an article about a Securities and Exchange Commission matter involving a new blockchain network, TON Issuer, developed by the founders of Telegram Messenger.

“The SEC has acknowledged that it does not consider bitcoin and ether to be securities,” Hinkes told Forbes. “So, if the TON Blockchain were to be sufficiently decentralized, however that is defined, the court should similarly find the digital asset Grams to be a commodity, but such a conclusion can only be reached after a factual inquiry based on the evidence.” 

READ: Forbes, “Court To Decide If Telegram’s $1.7 Billion Crypto Deal Is Legit

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