US SEC Files Fraud Charges Against TrustToken and TrueCoin Over TrueUSD Stablecoin

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US SEC Files Fraud Charges Against TrustToken and TrueCoin Over TrueUSD Stablecoin The U.S.

Securities and Exchange Commission (SEC) has filed fraud charges against TrustToken and TrueCoin, alleging fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin, according to a press release published on September 24.

The SEC contends that this misrepresentation violated federal securities laws, as investors were not properly informed about the true nature of the stablecoin’s backing.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Latest News US SEC Files Fraud Charges

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 02:40:01 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22701938

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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News Last Updated: 9 hours ago

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