TrueCoin

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The Shib Crypto Recap: Wednesday

September 25, 2024

In a world where cryptocurrencies once promised innovation and financial freedom, today’s headlines paint a more troubling picture, featuring tales of fraud, illicit drug distribution networks, and the numerous legal and ethical dilemmas surrounding various crypto ventures. Additionally, the intersection of artificial intelligence (AI)

Policy·Regulation

SEC Penalizes TrueCoin and TrustToken for Fraudulent TUSD Sales

September 25, 2024

The Securities and Exchange Commission (SEC) on Tuesday imposed hefty penalties on TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts tied to the purported stablecoin TrueUSD (TUSD). In a complaint filed with the U.S. District Court for the Northern District of California, the SEC reported that TrueCoin and TrustToken