Blockchain Firm Veritaseum Calls for Assets to Be Unfrozen in SEC Response

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The Veritaseum blockchain platform and its founder Reggie Middleton have filed a response to the U.S. Securities and Exchange Commission (SEC) over the regulator’s claim that its ICO was fraudulent and illegal, and that Middleton had later manipulated the VERI token’s value.As a result, the SEC managed to get a New York court last week to temporarily freeze the assets of the project – which describes itself as a “gateway to peer-to-peer capital markets” – pending further discovery in the case.Middleton stands accused by the SEC of spreading false information about his businesses,and conducting trades in the open market that hiked the price of the VERI token. The SEC further alleged he misappropriated over $520,000 of investor funds for his personal use, as well as $600,000 to purchase precious metals to fund another alleged scam.The founder had failed to register the ICO with the SEC, the commission said. The SEC…

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