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01:31
Telegram Founder Responds to FUD: Not Reliant on Russian Capital, Frozen Bond Holders Not Company Shareholders
BlockBeats News, January 7th, Telegram founder Pavel Durov posted on his personal channel, stating that despite some unfounded panic-inducing statements, Telegram does not rely on Russian capital. In our recent $1.7 billion bond issuance, there was absolutely no participation from Russian investors. The old bonds issued in 2021 have been mostly repaid, posing no issues. In any case, bondholders are not shareholders of the company and have no say in Telegram's decisions. I am the sole shareholder of the company. BlockBeats previously reported that The Financial Times stated that Telegram's approximately $500 million Russian bonds were frozen due to Western sanctions.
01:28
Telegram founder responds to market concerns: the company's capital structure has nothing to do with Russia
According to Odaily, Telegram founder Pavel Durov responded on January 7th on the X platform to recent FUD surrounding Telegram. Durov stated that Telegram has no connection with Russia in terms of capital structure, and that there were "absolutely no Russian investors" involved in its recent $1.7 billion bond issuance. He further pointed out that the old bonds issued by Telegram in 2021 have been largely repaid and do not pose a current risk. He also emphasized that bondholders are not equivalent to company shareholders, and that he remains the sole shareholder of Telegram. There is no direct relationship between the bonds and the equity.
01:28
The US Senate's crypto regulation bill reaches a critical juncture, with a revision meeting scheduled for January 15.
ChainCatcher reported that a comprehensive bill aimed at fully regulating the cryptocurrency industry by the Senate Banking Committee is expected to make progress in the new year. Although the outlook remains uncertain, there is still a glimmer of optimism. According to sources, Democratic and Republican members met on Tuesday to discuss the bill. Senate Banking Committee Chairman, South Carolina Republican Tim Scott, is pushing hard to hold a hearing this month to amend and vote on the bill. Scott informed lawmakers and staff that he would hold a markup session for the crypto market structure bill by January 15—regardless of whether the bill receives bipartisan support. Scott later confirmed in an interview that his committee would hold the markup session on January 15. He stated: "I believe we must go on the record and vote, so next Thursday we will vote on the market structure bill. More than six months of relentless effort have ensured that every committee member has access to multiple versions of the draft." However, sources pointed out that as of Tuesday, the bill may still lack sufficient support from either party.
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