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The SEC's Decision to Appeal the Telegram Case
Stephen Pair: This is a dagger directly in the heart of what the SEC is trying to do. It's hard to take overall market and investment strategy guidance from it, not investment advice seriously like you should counter trade me because my trading is not good. The difference is time, right? If telegram, if the tokens had been issued and were available on markets and time passed, under this court's reasoning, you would have had a different result. But I don't think so. And again, but what this also shows is different judges, different facts, different conclusions.