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TrustToken and TrueCoin SEC settlement admits no fault or denial in TUSD case – TON BOT

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TrustToken and TrueCoin SEC settlement admits no fault or denial in TUSD case

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TrustToken and TrueCoin settled with the SEC over allegations of fraud related to their TrueUSD stablecoin, agreeing to pay $700,000 in penalties without admitting guilt. The SEC claimed they sold unregistered investment contracts and misled investors about TUSD’s backing. TrueUSD’s market cap fluctuated following the news, falling to $0.98.

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