Tuesday - November 26, 2024
Litigation: SEC Charges Crypto Companies TrustToken, TrueCoin With Defrauding Investors Regarding Stablecoin Investment Program
September 26, 2024
WASHINGTON, Sept. 26 -- The Securities and Exchange Commission issued the following litigation release (No. 3:24-cv-06684; N.D. Cal. filed Sept. 24, 2024) involving TrueCoin LLC and TrustToken Inc.:

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On September 24, 2024, the Securities and Exchange Commission announced settled charges against TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts involving TrueUSD ("TUSD"), a purported stablecoin.

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