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Judge Denies Telegram’s Appeal to Issue Grams to Non-US Entities, Says it’s Too Late

US Federal Judge P. Kevin Castel has denied Telegram’s request to issue its Gram tokens to overseas investors.

Telegram had filed an appeal to last week’s ruling by a United Stated federal court in favour of the US Securities and Exchange Commission (SEC) which is prohibiting the issuance of Gram tokens for the time being.

In the most recent turn in Telegram’s six-month court battle with the U.S. Securities and Exchange Commission (SEC) over the legal status of the former’s $1.7 billion Gram token offering in 2018, the US courts have ruled that the injunction barring Telegram from issuing its Gram tokens is applicable to all potential investors both in the United State and overseas.

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