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Michael Bacina, a partner in Piper Alderman’s Blockchain Group in Australia, told Cointelegraph that the “enforcement of any judgment of a Court outside of that Court’s jurisdiction can be challenging and involves each country’s legislation and treaties which can impact if (and how) a judgment may be enforced.” He added:
“It would be surprising if the SEC would seek to enforce this decision in other jurisdictions given the time and expense required to do that. However, if there is evidence Telegram is distributing tokens in breach of the orders, they may find that the SEC seeks an order for contempt in the U.S. District Court against those involved in the distribution of Grams. Contempt is a serious matter and can result in arrest and jail time.”
However, Bacina noted that the ruling does not concern the TON blockchain, stating: “The injunction only impacts the distribution of GRAMs, not the operation of the TON Blockchain itself, so Telegram’s plans to launch the mainnet should not be impacted, or be in breach of the orders, so long as Telegram does not distribute GRAMs which were part of the ICO.”
Community may launch TON anyway
The TON community has suggested that it may launch the network itself despite the court’s ruling — with representative Fedor Skuratov telling Cointelegraph that “the community was ready for this scenario” on March 26.
According to Skuratov, “no one can prevent the launch of TON by any other entity, person, or community, because TON is a decentralized open-source solution.”
Skuratov added: “Already, there are two different test networks, and within the community, there is at least one group planning to launch.”
