Express

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.

Last Update:

Tags: ,,
Link: SEC Settles Stablecoin Charges With TrustToken And TrueCoin   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 10 hours ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 7 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 11 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 14 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 18 days ago

    • You need to login to comment.