US Court Tells Telegram and SEC to Focus on ‘Economic Realities’ of Gram Token Sale – CoinDesk

A U.S. federal judge says the SEC shouldn’t get hung up on “labels” in determining whether messaging platform Telegram conducted an illegal securities offering. In his first public remarks on the case, Judge P. Kevin Castel of the U.S District Court for the Southern District of New York began Wednesday’s hearing with an opening statement […]

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Mastercard Left Libra Association Over Regulatory and Viability Concerns, Says CEO – CoinDesk

Mastercard’s CEO says the firm pulled out of the Facebook-led Libra project after developing concerns over its business model and compliance. Ajay Banga, who has been the CEO and president of Mastercard since 2009, told the Financial Times his attitude towards Libra deteriorated as project members proposed linking what was supposed to be a globally […]

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