The SEC had accused them of misleading investors about demand for the tokens and manipulating their price, among other things. They agreed to the settlement without denying or admitting to the underlying charges.
Veritaseum's website says it "builds blockchain-based, peer-to-peer capital markets as software on a global scale." Thursday's lawsuit accuses Coinbase features including its website, mobile app and Coinbase Cloud, Pay, and Wallet services of infringing a patent covering a secure method for processing digital-currency transactions.
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