Following a ruling by Judge P. Kevin Castel, Telegram founder and CEO Pavel Durov will testify in January in a New York district court . The US regulator SEC stopped with its injunction almost at the last minute the issue of Gram Token. The respondent parties have already responded to their complaint in court . All in all, three senior Telegram employees have to undergo a survey.

The US Securities and Exchange Commission (SEC) halted the launch of the Telegram Open Network (TON) and the issue of the Token Gram. TON Issuer Inc. and Telegram's operating company are now trying to defend themselves legally.

Pavel Durov defends himself against injunction

Several senior officers were summoned to court. Previous attempts to contact the SEC for issuing its own token failed. Now, about 1.5 years after the announcement of the issue, the SEC has overturned the process without any warning . It is feared that the US market would be flooded with this new currency. In addition, wholesalers could acquire the token to trade. All this leads to an unregulated circulation of large amounts of money at the start of the TON. In advance, investors had been able to sell shares worth a total of 1.7 billion US dollars.

AZAPI reports telegram for copyright to SEC

According to the defense lawyers, there is an extensive willingness to cooperate with the authorities. One example is the active fight against terrorist groups in Telegram, which was also praised by the European Police Department EUROPOL . Pressure is currently also exercised by the Russian antipiracy organization Association of Copyright Protection in Internet (AZAPI) . This accuses Pavel Durov or Telegram, over innumerable Chat channels the users would exchange copyrighted material, Telegram's token can also be used as a reward for uploaders, AZAPI speculates. It requires the operator to effectively protect works (especially books) from unauthorized distribution and to block infringers. Telegram has not responded to previous requests, which is why the organization has turned to the SEC. Funnily speaking, Russian media have been reporting allegations of fraud by an AZAPI managing director since mid-October. Employees of Russian authorities had made an undercover appointment with him to bribe him with cash.

Headquarters soon in Switzerland?

According to local media reports, the operating company plans to move soon to the Swiss town of Zug. One wants to shift the head office as well as the research and development gradually to Switzerland. The Libra Association, which wants to release the cryptocurrency for Facebook, has also chosen Switzerland as its headquarters . Financial supervisor Finma has already confirmed that it is in negotiations with Telegram. However, the agency has paused its negotiations after the announcement of the injunction of the SEC.

Messenger Wire and Sasera are also based in Zug. Unlike most other Messengers you can not use Sasera in vain. Due to its extremely high security, this paid app is to be used by employees on the executive levels of companies. In order to avoid terrorist attacks or other criminal actions using Sasera, potential users are screened by the Company, which precludes anonymous use.