Blockchain Company Veritaseum Phone calls for Property to Be Unfrozen in SEC Response

The Veritaseum blockchain system and its founder Reggie Middleton have submitted a reaction to the U.S. Securities and Exchange Commission (SEC) above the regulator’s claim that its ICO was fraudulent and illegal, and that Middleton had afterwards manipulated the VERI token’s price.

As a result, the SEC managed to get a New York court docket previous 7 days to temporarily freeze the belongings of the task – which describes by itself as a “gateway to peer-to-peer cash markets” – pending more discovery in the scenario.

Middleton stands accused by the SEC of spreading untrue info about his organizations,and conducting trades in the open up market that hiked the selling price of the VERI token. The SEC more alleged he misappropriated above $520,000 of trader cash for his individual use, as properly as $600