this is a disingenuous post. The crux of the SEC effort against them is because they created this chain and token during the 2017 gold rush (actually in 2018 but obviously the 2017 bull run is what sparked the interest) and very clearly were trying to cash in. When you create what by all accounts is a security specifically for investment and asset appreciation but don't register it as a security with the SEC, they get a little unhappy. Reading back through some of the articles before this when the SEC intervened Telegram had raised 1.7 billion dollars off this. When you make a few billion off an unregistered security offering, people are going to sit up and take notice.

Regardless of your feelings on the SEC, crypto, et al, it's pretty obvious why the SEC intervened and to see this eventual outcome.