Telegram Denies SEC Token Security Claims and Asks for the Lawsuit to Be Dropped

Telegram Denies SEC Token Security Claims and Asks for the Lawsuit to Be Dropped

Telegram has asked the US court to drop the action brought against it by SEC, the Securities and Exchange Commission. SEC accused Telegram of launching an in-house cryptocurrency that is a security. Tuesday, the messaging app firm refuted the SEC allegations in the New York Southern District Court.