Party Time for Telegram?
August 14, 2025
No AI. Just a dinobaby and a steam-powered computer in rural Kentucky.
Let’s assume that the information is “The SEC Quietly Surrendered in Its Biggest Crypto Battle.” Now look at this decision from the point of view of Pavel Durov. The Messenger service has about 1.35 billion users. Allegedly there are 50 million or so in the US. Mr. Durov was one of the early losers in the crypto wars in the United States. He has hired a couple of people to assist him in his effort to do the crypto version of “Coming to America.” Will Manny Stoltz and Max Crown are probably going to make their presence felt.
The cited article states:
This is a huge deal. It creates a crucial distinction that other crypto projects can now use in their own legal battles, potentially shielding them from the SEC’s claim of blanket authority over the market. By choosing to settle rather than risk having this ruling upheld by a higher court, the SEC has shown the limits of its “regulation by enforcement” playbook: its strategy of creating rules through individual lawsuits instead of issuing clear guidelines for the industry.
What will Telegram’s clever Mr. Durov do with its 13 year old platform, hundreds of features, crypto plumbing, and hundreds of developers eager to generate “money”? It is possible it won’t be Pavel making trips to America. He may be under the watchful eye of the French judiciary.
But Manny, Max, and the developers?
Stephen E Arnold, August 14, 2025
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