With regard to the case involving Telegram and the sale of the Gram tokens, just before the start of the process of selling and distributing the tokens, the SEC accused Telegram of selling the Gram tokens illegally.
Today there was supposed to be a meeting with SEC representatives, but Telegram planned in advance by asking investors, via an open letter, to choose whether to postpone the launch by 6 months, so by the end of April 2020, or they to receive a refund of 77% of their investment. The investors have placed their trust in Pavel Durov by choosing to postpone the launch of TON.
The SEC has also postponed everything to February 2020, precisely 18th and 19th February 2020, allowing Telegram to prepare to face the final obstacle before the launch of its token.
It is the SEC that influences the fate of projects involving tokens and cryptocurrencies, especially in the United States, and it is the same entity that makes life difficult for the various exchanges, some of which have moved to more crypto-friendly territories.
In several cases, the SEC has intervened and declared war on ongoing projects, for example, the case of an ICO (Initial Coin Offering) on EOS at the beginning of the month, which penalised block.one with a $24 million fine and the official statement that EOS is not a security.
An even less fortunate case is the one involving KIK, which has been forced by the SEC not to operate on American territory, a threat that has been taken very seriously by the team, which seems to be willing to face a trial.
For investors and enthusiasts of the Telegram project and the launch of TON and Gram, there is not much to do but to wait. At present, Facebook and Libra are under attack on several fronts and this could also have an effect on Telegram.