April 2, 2020 US judge rejects Telegram’s request to distribute gram tokens to non-US investors.

A US District Judge, clarified on Wednesday that Telegram could not issue its gram tokens to non-US investors. P. Kevin Castel from the Southern District of New York said that the claim from the company that it could still conduct its token issuance while ensuring that it excluded US investors was not satisfactory while also denying a request from Telegram to clarify his previous injunction on March 24 to prevent the token issuance, following a request from the SEC.