Telegram sold theirs. It was a way to raise funds which makes it a security (in the SEC's eyes) and thus, open to lawsuit. If Telegram gave the tokens away, then it would have gone through.

As for Libra, it isnt the SEC that is stopping them. That is a political situation, not regulatory. The Libra is a threat to the USD (and other fiat currencies) so politicians are stepping in.

Posted Using LeoFinance