SEC

In an unprecedented move,  The United States SEC has today January 21, 2020, approved an application by Grayscale Bitcoin Trust to be its reporting firm. The move comes after the firm's parent company, Grayscale Investments, filed for its subsidiary's registration with the SEC two months ago.  This action effectively makes Grayscale Trust the pioneering crypto investment entity conferred with that honor. Taking  to Twitter to confirm this news, the firm announced, " Grayscale Bitcoin Trust hits yet another incredible milestone:…

On the 9th January of 2020, the lawyers representing Telegram said in a court file that preparation of a review of financial records requested by the US SEC will take five to seven weeks. The lawyers said the analysis of data protection laws in various foreign jurisdictions is mandatory, hence remarkably lengthening the process. This court filing noted the need to analyze about 4600 transactions of 770 entities and individuals and ensure that Telegram complies with foreign data privacy laws.…

On the 6th of January 2020, in a blog post, Telegram clarified that its native token, Gram, is not an investment product. Telegram further explained that people should not expect profits by purchasing or holding the token. On the other hand, the US SEC is in charge of securities in the United States. The SEC recently filed a court application against the platform offering Gram token, assuming that the token is under the commission’s jurisdiction. Is Gram Designed for Ton…