In January 2020, the Blockchain Association set an example by submitting a friend-of-the-court brief against Telegram initiated by the US Securities and Exchange Commission.

The encrypted message application Telegram was sued by the US Securities and Exchange Commission in 2019 because its planned GRM currency component was not registered for sale. A similar lawsuit was filed against messaging app Kik, accusing it of illegally raising $100 million in money market sales for its digital currency, Kin, in 2017. Today, a group of blockchain market industry champions, the Chamber of Digital Commerce, has sought friendly leverage in the Ripple dispute.

That's what came to light after a Twitter user learned of "two amici episodes" mentioned in a joint proposal to address sealing issues related to the impending simple ruling resolution. Client asks: "2 friends? Thought it was just JohnEDeaton. Am I forgetting someone?"

In reply, CryptoLaw founder John Deaton mentioned the Digital Chamber of Commerce as a second best friend. "As I often say in a previous tweet, DigitalChamber, like me, must read the multiple submissions of the article before submitting the amicus submission application," he wrote.

What did Jeremy Hogan say to watch out for?

As the Digital Chamber of Commerce moves into the Ripple case, analyst Jeremy Hogan told the XRP community to expect something similar to what he filed in the Telegram case, and that the argument could be that "while XRP may be sold as a security, the token itself is not Not safe."

Criminal defense attorney James K. Filan shared on Twitter the amicus brief filed by the Digital Chamber of Commerce in the Telegram and Kik cases. In the amicus brief in the Telegram case, the Chamber of Commerce fabricated a lie, “The SEC has long recognized that at least some digital currencies are not securities, and that under securities law, the influence of special assets will change over time. In such There is nothing that provides for a broader ruling that digital currencies are, or are supposed to be, securities.”

Jeremy Hogan, a partner of the American law firm Hogan & Hogan, expressed his main reason for owning XRP. The law firm has been paying close attention to and leaving comments on the US Securities and Exchange Commission's lawsuit against Ripple.

Remember, on December 22, 2020, the SEC announced that "RippleLabsInc. More than 1.3 billion US dollars in digital currency stock issuance."

Hogan told him more than 248K Twitter followers: When asked "what prevents the CFTC from suing Ripple", Hogan replied, "The CFTC basically has to sue some kind of fraud, and even the SEC has difficulty filing fraud charges .”

Hogan went on to say that out of the top 20 cryptoassets, in his opinion, only BTC is quite safe for the SEC (perhaps because of previous comments from the current SEC chairman Gary Gensler and his girlfriend Jay Clayton)

Entrepreneur David Gokhshtein, founder and CEO of GokhshteinMedia, a media company dedicated to the digital currency, mentioned his plans to buy a large amount of $XRP, the native token of the XRP Ledger (XRPL).

But the popular digital currency influencer told his nearly 700,000 Twitter followers:

"Okay - the first thing I need to do in the next few days is pack up my #crypto assets. Back to caring about $BTC and $ETH as my number one buddy. Then, add a lot of bags of $LTC and $XRP. Still into the meme currency-adventure genre, but this is money I can afford to lose.

An Indian court has uncovered the personal information of users who spread pirated videos on the website during a local infringement lawsuit, claiming that pirates will not be protected by personal privacy laws or the right to free speech.

The prosecution in this case is NeetuSingh, who professionally writes exam questions and textbooks for each subject. Singh had previously ordered Telegram to ban these channels and columns that professionally disseminated his stolen videos. Telegram also shut down such channels and columns in good faith. However, a new stolen channel column still occurs every day, prompting Singh to ask the people's court to require Telegram to disclose the user's personal information about the channel, from the IP address, contact number, email account, and the equipment used.

Telegram stated that according to its privacy policy, the user's personal information can only be revealed when the customer is involved in terrorist organizations or acts. In addition, Telegram's server is located in Singapore, and the material is locked. Deciphering will only be possible at the request of a Singapore court.

However, Prathiba Maninder Singh, the presiding judge of the Indian court, emphasized that the misappropriation is not protected by the Personal Privacy Act or the Freedom of Speech Act. Customer personal data.

On April 1 this year, the judge of the New York Southern District Court had already rejected Telegram's request to sell Gram currency to non-US investors. Later, Telegram also issued a joint letter to investors, stating that it would extend the listing time of TON to one year later, which is actually April 2021.

It also stated that if investors hold objections, they can choose to return 72% of the principal. Later, perhaps considering the issue of cashing out and the satisfaction rate of investors, Telegram offered another option: withdraw from the project after one year and get 110% back.

If the previous joint letter from investors left many people with a glimmer of hope, then today's joint letter has completely given up investors' ideas.

Facebook's arm can't twist the thigh of the US government, and Telegram is the same, so Pavel Durov announced the suspension of TON.

Although Telegram’s high attention has also caused a series of private equity fund proxy investment scams under its name. All in all, at that time, Telegram was a veritable "first ICO in history" project.

In addition, in order not to miss the popularity of Telegram’s currency issuance, more than 10 trading centers including BitForex, Lbank, CoinBene, etc. have launched GRAM futures.