The SEC, however, alleged TON was a scheme to evade federal securities laws in an October 11, 2019 complaint. In the complaint, the SEC asked the U.S. District Court for the Southern District of New York for an injunction blocking the Grams sale.Read more
Durov intended TON as social media for money. To explain, TON’s goal, like Libra’s, is to enable anybody to send funds anywhere in the world at the press of app.
Thus, TON offers a totally offers a new model of finance, a decentralized currency anybody could access. Libra, however, extends the current finance system of centralized banking into the blockchain. In fact, I think the Libra Association looks like a global Central Bank.