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He continues: “Then a judge comes and says: These people invested in the gold mine because they were looking for profits. And they didn’t want that gold for themselves, they wanted to sell it to other people. Because of this, they are not allowed to get the gold.’”

“If this doesn’t make sense to you, you are not alone – but this is exactly what happened with TON (the mine) and Grams (the gold). A judge used this reasoning to rule that people should not be allowed to buy or sell Grams like they can buy or sell Bitcoins,” Durov added.

Most recently in the ongoing legal battle, Telegram agreed to disclose financial documents and answer the SEC’s questions that should shed more light on the disposition of investor funds.

The decision comes after months of back and forth where Telegram’s lawyers previously requested that the application be thrown out, calling it an “unfounded fishing expedition.” These documents, the agency hopes, will demonstrate how much Telegram has spent from the funds it collected in two token sales conducted in early 2018.

“Sadly, the US judge is right about one thing: we, the people outside the US, can vote for our presidents and elect our parliaments, but we are still dependent on the United States when it comes to finance and technology (luckily not coffee). The US can use its control over the dollar and the global financial system to shut down any bank or bank account in the world. It can use its control over Apple and Google to remove apps from the App Store and Google Play. So yes, it is true that other countries do not have full sovereignty over what to allow on their territory. Unfortunately, we – the 96% of the world’s population living elsewhere – are dependent on decision makers elected by the 4% living in the US,” the CEO concluded the saga.