Has the licensing situation been clarified? The original license was not open source, but it seems unlikely that it would be enforced, as that would involve de-anonymising the copyright holders.
There is a lot of discussion on the license on the VeraCrypt forums.
It's completely reasonable to ask people to stay away from the TrueCrypt name in my opinion, so that his software's reputation would not be tarnished if amateurs or problem-causing people took over the TrueCrypt name.
I wish the TrueCrypt end was handled better, but it's unique situation has some educational value.