Recently on 26th June, Judge Kevin Castel signed the last judgment within the SEC v. Telegram ongoing case, which will now require Telegram pay back $1.2 Bln to its investors in its ICO for the failed Telegram Open Network.
As per the last approval of the court, putting an end to a legal drama that began with the SEC ordering a stop to Telegram’s impending distribution of GRAM tokens.
In line with the SEC’s announcement on approval:
“New and innovative businesses are welcome to participate in our capital markets but they can’t do so in violation of the registration requirements of the federal securities laws.”
However, how exactly Telegram along with the other potential ICO issuer could appease the SEC from now, still remains an open and much-discussed question within the community.