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TrustToken (now Archblock), TrueCoin Settle With U.S. SEC Over Fraud Accusations in Stablecoin

SB Crypto Guru News by SB Crypto Guru News
September 24, 2024
in Crypto Updates
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TrustToken (now Archblock), TrueCoin Settle With U.S. SEC Over Fraud Accusations in Stablecoin



“TrueCoin and TrustToken sought profits for themselves by exposing investors to substantial, undisclosed risks through misrepresentations about the safety of the investment,” said Jorge G. Tenreiro, acting chief of the SEC’s Crypto Assets & Cyber Unit, in a statement. “This case is a prime example of why registration matters, as investors in these products continue to be deprived of the key information needed to make fully informed decisions.”



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Tags: AccusationsArchblockBitcoin NewsCrypto NewsCrypto UpdatesfraudLatest News on CryptoSB Crypto Guru NewsSECSettlestablecoinTrueCoinTrustTokenU.S
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