Reggie Middleton and his patents on “P2P” -defi.

This has just broken over the past few days.

"THE BIGGEST NEWS IN THE (CRYPTO/FINANCE) INDUSTRY".

Please have a look at his video and consider the future of P2P capital etc.
The first 5 minutes explains a lot!

How will this impact current defi cryptos (and others)?



RM is the creator of VERITASEUM.

 

Got VERI?

 

Source link

https://www.sec.gov/news/press-release/2019-150

Washington D.C., Aug. 13, 2019 —

The Securities and Exchange Commission announced fraud charges against a Brooklyn individual and two entities under his control who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. On Aug. 12, 2019, the court entered an emergency freeze to preserve at least $8 million of the $14.8 million the defendants raised in 2017 and 2018 in an offering of digital securities.

The SEC filed charges against Reginald “Reggie” Middleton, a self-described “financial guru,” and two entities he controls, Veritaseum, Inc. and Veritaseum, LLC (collectively Veritaseum). The Commission’s complaint, filed in federal court in Brooklyn, New York, alleges that the Defendants marketed and sold securities called “VERI” tokens on the internet, inducing retail investors to invest based on multiple material misrepresentations and omissions. Among other things, Defendants allegedly knowingly misled investors about their prior business venture and the use of offering proceeds, touted oversized – but fictitious – investor demand for VERI, and claimed to have a product ready to generate revenue when no such product existed. The complaint further alleges that Middleton manipulated the price of the VERI tokens trading on an unregistered digital asset platform. The complaint also alleges that Middleton recently moved a significant amount of investor assets and then dissipated a portion of those assets, transferring them to Middleton’s personal account.

 

The SEC action against RM is old news.

What is new is the news re his approved patent applications in The US (and Japan with patents still pending in a number of major areas).

we shall now see how the SEC further pursues RM and the Claim(s) against him.

How will RM’s Patents affect those companies involved with DeFi, FX, P2P etc.?

Who are the Biggest Users & Patent Protection Filers of DeFi tech?

have a listen here.
https://twitter.com/i/spaces/1mnxedZdwbnJX

 

Source Link

https://www.americanbar.org/groups/...lity-blockchain-technology-future-innovation/


The Patentability of Blockchain Technology and the Future of Innovation

 

GC

RM’s patent applications have been granted.

It all began back in 2014.
It is potentially a real game changer in the “Financial” / trade sector.

will it win?

 

Interesting recent video with Reggie Middleton and The Gentlemen of Crypto discussing recent and current crypto exchange issues.



also at 35:26 Reggie predicts:

“There’s going to be a lot of disruption coming to the markets over the next quarter or two.
A lot!
Things are going to be looking very different and it’s going to try to be subdued, because the primary media sources - industry related media sources - don’t want the news to get out. So, it will be interesting to see how things happen when the truth unfolds. OK.
Read primary sources, payattention and look for conflicts of interest.
I can’t say anymore right now, but I will say more, in detail, when the time comes.”

Reggie have is referring to his patents which cover over 75% of all cryptos out there; in particular P2P and DeFi transactions.

if anyone would like more info about Veritaseum, message me for a link to the official Telegram channel where Reggie regularly posts.

I strongly recommend that everyone interested in cryptos make themselves aware of Veritaseum and the impact it is going to have on the crypto space AND I strongly recommend you have some VERI in your portfolio. Not a difficult choice if you understand what it’s all about! DYOR!

 

Breaking news on Reggie Middleton and his patents.


https://twitter.com/reggiemiddleton/status/1573036965494398976?s=46&t=jFZtqeKmUGi6CZB43aVC2Q


https://www.reuters.com/legal/litigation/coinbase-sued-patent-infringement-over-crypto-transfer-technology-2022-09-23/


https://watcher.guru/news/coinbase-sued-for-patent-infringement-over-crypto-transfer-technology

 

Got VERI?

 

For those who are unaware Veritaseum Inc is suing Coinbase which you know, and more recently he is suing Circle for patent infringement.

RM is making a big announcement over the next day or two.

I am amazed that almost no-one is aware of RM’s patents and the affect they will have on the entire Crypto space!

if you possess cryptos you really should DYOR to ensure your investment is not infringing on RM’s patents

got VERI?

 

He seems like a patent troll.

I wouldn't touch any project throwing money at frivolous lawsuits like this.

Patents typically only protect a very specific invention. You can't patent "DeFi" as if it's just one thing, because it's not. It would be like trying to patent "the internet".

Hope you don't pour too much money on this dumpster fire SULLA, his patents are likely to amount to nothing and have very little impact on the crypto space.

 

This guy still around...

 

Thanks BB.

time will tell if you are correct or RM is correct.

as for you cannot patent “DeFi”, the US Patent Office and Japanese Patent Office do not agree with you. The US patent was applied for in 2014 and granted in late 2021. The Japanese patent follows a similar timeline. So it took 7 years of litigation for the respective patent offices to approve. I would think they would be extremely meticulous before granting any patent.

RM’s patents in US and Japan also cover trustless P2P transactions, NFTs, stablecoins, CBDCs and cold storage.

Patent Offices do not grant patents frivolously!

As for being a “frivolous lawsuit” again time will tell, but I do not agree that the lawsuits are frivolous and I suspect the Judges in each case do not agree with you either.

What is most interesting is that Coinbase cited one of RM patents in 2021, in a patent application they made!

Two cases are now active Coinbase and Circle.
More coming soon.
And a second Japanese Patent Has just been confirmed.

As for using the term “patent troll” for RM, I strongly recommend that you DYOR.
Not only on his patents and what they are specifically designed to do, but also DYOR on RM the man and his track record in the US financial arena.

Can you name anyone who was working on using the blockchain for DeFi, and Trustless P2P transactions, etc in 2014?

I can.

EDIT:

that video in Leo25’s post is a good starting point.

This video was released less than an hour ago.

 

Yes! Reggie Middleton is still about. Bigger, better and smarter than ever before.

His three patents (US and Japan) cover at least 75% of of the crypto space.

Sic ‘em Rex!

Got VERI?

 

Yes, please.

 

Thanks for those. Who in particular refers to defi and trustless P2P transactions prior to 2014?