Quote from: CoinMLS on August 19, 2019, 10:03:52 PM

Quote from: Dorkie on August 19, 2019, 08:45:39 AM

Quote from: CoinMLS on August 19, 2019, 05:52:30 AM

The whole case hinges on whether or not it is a utility token. If Reggie wins that argument the rest of the case falls apart. Reggie was very up front with and tried to work with the SEC at the time. I recall that he attempted to get "no action" letters and he took other measures to show good faith compliance efforts. In addition, he implemented KYC and AML on his platform from the beginning.

I think the SEC is going to have a hard time proving its case. Yes, they found a few examples of statements Reggie made which we don't know the context of that may or may not prove something, but he was always very careful in all of the videos and materials I saw to avoid making statements and claims like the ones in the complaint. By no means was it a pattern of behavior or conduct.

The SEC case is flimsy, but it takes a lot of money and lawyers to stand up to them. I hope he can be successful.

If you read the case, it is about market manipulation and misrepresentation. In case of manipulation, the blockchain has all the evidence.

Yes, and it is legal for a company to manipulate the price of its software.

Sounds shaddy the way Reggie is doing it. Why even put VERI on an exchange then and not sell it via his website?