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The SEC has backed down and our position that VERI is a utility token stands vindicated. Post this update to your social media accounts to confirm the outcome to your networks. Watch the regulatory space closely to ensure these assets remain protected for all users.

October 9, 2019

SEC vs Veritaseum LLC and it's platform users.

SEC vs Veritaseum LLC and it's platform users.

🏆 Won — 2,277 supporters Verified

Final supporters

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Lea F.
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Rachel F.
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Jacob F.
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Sara F.
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Geoff C.
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Jeffrey n.
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Richard D.
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Mark M.
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Rory M.
+2,267 more
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Started by Jeremy Stevenson 6 years, 10 months ago

Dear SEC


Your attack on Veritaseum is a very aggressive and some what extraordinary measure.


We, the current and future users of this platform, have had absolutely no doubt as to the legitimacy of Veritaseum LLC or the VERI utility token it requires us to hold, to use the peer to peer software. The token enables us to gain efficiencies in spending it. We don't gain any equity in the Company behind the software from the VERI token. VERI is not a security.


Your accusations of securities fraud, just don't make sense. We know what the VERI token is and at no time did we believe it was an entitlement to equity in Veritaseum LLC, nor did we believe it was backed by anything. Users of the Veritaseum software use the token to gain added efficiency and to access existing and upcoming modules. Veritaseum is a peer to peer software platform. It brings huge advantages to the average person looking to get into investing in general. Veritaseum's utility token is an enabler of this... Not the actual investment that we are making.


By you, the SEC removing the utility and shutting down the entire Veritaseum platform and all of the user's personally held Ve Assets; you are actually destroying the consumer and the retail user of this technology. This appears to all users who discuss the situation, as an attempt to sabotage a ground breaking idea, that looked set to completely disrupt Wall street. You have affected us in ways far greater than just the loss of access to the platform. We held Ve Assets in redeemable, peer to peer trade-able and metal backed token form. We have had all usability and access to these assets frozen... along with the Veritaseum LLC assets.


You are supposed to protect the consumer or retail investor for whom you work and are paid by. In this case you are doing the exact opposite.


Now our hands are tied because of your incompetence and inability to re educate yourselves, to build new legislation that can handle this paradigm shift of blockchain technology and the efficiencies it brings. Very disruptive to Wall Street and global finance.


Almost seems like you singled out Veritaseum to delay and ruin it's launch out of BETA. A launch that was due to happen close to the time of your emergency Court hearing.


Why the sudden need for an emergency hearing? On the same day that Patrick Byrne's TZERO, blockchain securities platform, launched... which has similarities to Veritaseum? Seems suspicious.


Doesn't look good for the SEC. Also we see you stepped in and apparantly scarpered a deal that Veritaseum LLC was in the midst of negotiating with the Jamaican Stock Exchange. That was destroyed by you the SEC. What are you scared of and who are you helping? Certainly not us the retail investor as you call us, nor the users of the highly disruptive Veritaseum platform.


We need our Ve assets to be freed from your total asset freeze. You are hindering us to the extent that some have a large chunk of their working capital tied up in the Ve Assets and are unable to access it. Do your job... Help the people you say you are protecting. Or who are you really protecting?


We need the platform unfrozen and the utility returned to the VERI token. You are strangling the people that pay you to protect them.


Veritaseum is incredibly disruptive to the industry you are supposed to control. Could this be the reason for the sudden emergency hearing? Who is truly in control... not you. Someone above perhaps who stand to lose the most from being disrupted by blockchain based, software platforms... like Veritaseum?


Explain yourselves! The frauds are you... the SEC as far as I'm concerned. Unless you show us to the contrary... that is the general consensus.


Please provide answers. That is your job. Communicate with the people you say are affected by the fraud.


There is no fraud as far as anyone is concerned and we want answers.



Updates

Reached 1,000 supporters

September 20, 2019

September 8, 2019

We hit one hundred signatures this morning. Post this link to your Facebook timeline and email your representative about how the SEC is hurting retail users.

Reached 100 supporters

September 6, 2019

September 4, 2019

We are gaining momentum but we need to push past the hundred signature mark today to show the SEC we are serious. Text three friends right now and tell them to sign this petition. Post the link on Facebook immediately so we can keep this pressure building.

1,066 Comments

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Anthony Alba
6 years ago Featured

I'm a holder of Veritaseum and do not believe I'm being defrauded by the VE. I don't know anyone who is and am against the SEC attacking Veritaseum. This needs to stop! Victor, Gorge and Karen! This attack is a Fraud on the public just as JP Morgan has been!

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Eric Hartmann
6 years ago Featured

I was intending on using Veritasium in the future to access p2p markets. Reggie Middleton is a man of high integrity. Never has he misrepresented his intentions. Veritasium and the token holders deserves a fair, open and fully transparent expeditious hearing!

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Michelle McGillivray
6 years ago Featured

I can buy a ticket to ride the ferris wheel at the carnival. That doesn't mean I own part of the ferris wheel or the carnival. Veri token is permission to access the software. I''ve tried to explain as simply as I can for your understanding.

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Cliff M
6 years ago Featured

SEC, after working closely with VERI and Reggie for the past two years now is the time you decide to pull the rug? Why not two years ago? Now that the VERI platform is functioning you see it as a threat? Clearly you, or your handlers do.

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alan martin
6 years ago Featured

Please protect the people and not large financial institutions. Quite honestly your VERI attack and what you did to try and prevent the software from being successfully used in the market place is a outrageous. A VERI holder who is very upset with SEC behavior.

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Barry W Parker
6 years ago Featured

The SEC is tampering with hindering progress of innovative free enterprise and in the process hurting the consumer they are charged with protecting. Just how does a software platform get labeled as a security? Mr. Middleton is Not the bad guy here. The SEC is.

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Lea Florian
3 months ago

Free Reggie!

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Rachel Florian
3 months ago

Free up Veritaseum to be traded on the crypto markets

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