The US Securities and Exchange Commission has finally decided on the classification of the Gram cryptocurrency. In their understanding, these tokens cannot be goods and are securities.
The SEC is confident that Telegram’s attempts to distribute Gram tokens through a contract for the right to receive and describe a coin in White Paper as the internal currency of the TON blockchain platform is nothing more than a trick. In the understanding of the regulator, TON investors initially viewed Gram as a security, because they planned to capitalize on increasing its value and associated this with Telegram's actions.