In the latest chapter of Telegram’s legal battle with the United States Securities and Exchange Commission (SEC), the firm’s founder Pavel Durov will give a deposition along with two Telegram employees.
On Nov. 25, District Judge P. Kevin Castel of the New York Southern District Court ruled that the deposition will take place on Jan. 7 or 8, 2020, at a location agreed upon by the relevant parties.
Ilya Perekopsky, vice-president of Telegram, will testify as well. Perekopsky’s deposition is set for Dec. 16, 2019. The deposition of Shyam Parekh, a Telegram employee engaged in the $1.7 billion Gram (GRAM) sale, will be held on Dec. 10, 2019.
Durov will testify regarding the SEC’s claims that Telegram engaged in the sale of unregistered securities when it sold its Gram tokens to vetted investors. Following the SEC’s accusations, Telegram filed a counterclaim on Oct. 16, where the firm argued that its native crypto is not a security and a request for a preliminary injunction against the firm should be denied.
As a result of the SEC’s injunction against Telegram, the Telegram Open Network’s (TON) long-anticipated launch on Oct. 31 was delayed.
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Author: Ana Alexandre