RATE Group | Veritaseum: Reggie Middleton lashes out ahead of court case that will rock crypto world …
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Veritaseum: Reggie Middleton lashes out ahead of court case that will rock crypto world …

21 Aug Veritaseum: Reggie Middleton lashes out ahead of court case that will rock crypto world …

Posted at 16:33h in Cryptocurrency News by

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The Securities and Exchange Commission (SEC) froze all of the New York company’s assets last week after filing an emergency action lawsuit. The SEC cited a “fraudulent ICO (initial coin offering)” stating its VERI token was an unregistered security sold to the public with “material misrepresentations and omissions”. Reggie Middleton – Veritaseum’s founder and CEO – has been ordered to appear before a judge on Monday to answer charges relating to the token which was launched in 2017.

However, Middleton’s lawyers last night countered by filing an opposition case in an effort to unfreeze assets worth several million dollars.

“The tokens are not investments and are not securities,” says the counter claim.

“They do not represent an ownership interest in Veritaseum or its assets; do not give holders any right to share in the company’s profits; do not confer voting rights; and do not pay dividends or interest.

“Middleton consistently emphasised the potential uses of…

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