Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale
Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain.
The move from the SEC follows the continued dissolution of the corporate alliance that was supporting Facebook’s planned Libra cryptocurrency.
EBay, Stripe and Mastercard drop out of Facebook’s Libra Association