I totally disagree with this decision SEC always took action very late against big ICOs why not they awake on the right time and now again people will lost their money without getting any refund. This is really unprofessional behavior what happening in this case because SEC has fishy track record.
It is obviously sabotaging the cryptocurrency industry. Knowing Telegram had successfully raised more than what they expected they have been alarmed and try to hampered it. See how they continuously reject the bitcoin etf application? It is very much obvious, they dont want this kind of industry to prosper.