According to Cointelegraph, the U.S. SEC has won the lawsuit in the ICO-related case against Rivetz Corp and its CEO Steven Sprague. In an order on September 30, Massachusetts Federal Court Judge Mark Mastroianni agreed with the SEC's opinion that Sprague's provision of Ethereum-based Rivetz (RvT) tokens to the U.S. public through Rivetz constituted charges of selling unregistered securities. The SEC sued the defunct blockchain hardware company and Sprague in September 2021, alleging that they sold $18 million worth of Rivetz tokens to more than 7,200 investors in 2017, one-third of whom were in the United States.