TON is closed! Officially! "I am writing this post to officially announce that Telegram’s active involvement with TON is over." - Pavel Durov wrote in his telegram channel. Due to the decision of the US court, the circulation of GRAM tokens is "considers to be an unregistered offering of securities."
It means the securitization of digital assets, primarily on the blockchain, will be considered by the SEC as an issue of securities. On the one hand, this protects investors, and on the other hand, crypto circulation and ICO-type crowdfunding are obscured. We can say that this is the final point in the ICO \ ITO in official enforcement. Will there be another chance for the development of crypto? Of course, but already at the next round of evolution. Fortunately, the world is rapidly changing.