Trusttoken, Truecoin Settle SEC Charges Over Misleading TUSD Claims ⚖️
The U.S. Securities and Exchange Commission (SEC) announced that Trusttoken Inc. and Truecoin LLC have settled charges related to misleading statements and unregistered sales of investment contracts associated with the stablecoin TrueUSD (TUSD).
The SEC's complaint cites fraudulent misrepresentations as a key issue. Both companies will face consequences for these alleged regulatory violations.
This development underscores the ongoing scrutiny of crypto companies by U.S. regulators.
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