The foundation emerged in Switzerland in 2023 after an attempt by Telegram to raise billions of dollars for a crypto project ran afoul of US regulators, resulting in a 2020 settlement with the Securities and Exchange Commission.

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Telegram-Linked TON Blockchain to Expand in US as Trump Courts Crypto

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The SEC challenged Telegram’s involvement with the TON blockchain in 2019

Crypto news

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Telegram terminated the TON project in 2019 due to SEC legal challenges, leading to the establishment of the TON Foundation in Switzerland in 2023 as an independent nonprofit to continue the blockchain’s development

Crypto news

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The SEC challenged Telegram’s involvement with the TON blockchain in 2019

Telegram terminated the TON project in 2019 due to SEC legal challenges, leading to the establishment of the TON Foundation in Switzerland in 2023 as an independent nonprofit to continue the blockchain’s development