In this case the SEC mentioned that there is nothing you can buy with Grams and there won't be for the near future. All you could do with Grams is trade them on exchanges.
Re:SEC halts Telegram's $1.7B token offering
by milankragujevic on Friday October 11, 2019 @06:11PM
(#21228953)
Cryptocurrency. This is about crypto tokens.
Neither is crypto.
I use it to buy real things all the time.
Usually at a significant price discount, to boot!