Telegram’s $1.7Billion ICO Halted by SEC for Unregistered Token Offering

The Cryptocurrency world has been confronting the warmth of SEC as of late. A whirlwind of administrative action might be the beginning of another mass crackdown.

In an ongoing move, The U.S. Protections and Exchange Commission reported Tuesday it has documented a crisis activity and acquired a court request to stop the continuous token offering of Telegram’s TON.

The Complaint was documented in government region court in Manhattan for leading a supposed unregistered offering recorded against two seaward elements behind the progressing offering of TON advanced token said to have raised more than $1.7 billion of speculator subsidizes abroad.

Source: TheCoinRepublic