Reportedly, the US Securities and Exchange Commission (SEC) has charged Rivetz, the Blockchain hardware firm founded in 2013, for offering illegal securities and generating $18 million between July and September of 2017 from more than 7,200 investors. In addition, the SEC claimed that the defendants Rivetz Corp. and founder Steven Sprague promoted the value of RvT tokens as “investments that purchasers could buy and sell on the secondary market.”