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SEC Settles Stablecoin Charges With TrustToken And TrueCoin

Mary Liu

Summary: The U.S. Securities and Exchange Commission settled charges against TRUECOIN LLC and TRUSTTOKEN INC. over their stablecoin scheme. The SEC charged them with fraudulent and unregistered sales of investment contracts involving the so-called stablecoin TrueUSD (TUSD).  TrueCoin and TrustToken did not admit or deny the charges, agreed to a final judgment to pay a civil ...

The U.S. Securities and Exchange Commission settled charges against TRUECOIN LLC and TRUSTTOKEN INC. over their stablecoin scheme.

The SEC charged them with fraudulent and unregistered sales of investment contracts involving the so-called stablecoin TrueUSD (TUSD). 

TrueCoin and TrustToken did not admit or deny the charges, agreed to a final judgment to pay a civil penalty of $163,766 each to settle the SEC's charges.

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